AkzoNobel Finalizes Acquisition of Dow Powder Coatings
June 2, 2010
AkzoNobel has completed its acquisition of The Dow Chemical Co.’s powder coatings activities. The deal was first announced in November 2009.
AMSTERDAM, The Netherlands - AkzoNobel has completed its acquisition of The Dow Chemical Co.’s powder coatings activities. The deal was first announced in November 2009.
Originally purchased by The Dow Chemical Co. in 2009 as part of its acquisition of Rohm and Haas Co., the business brings key technological know-how and significant synergy potential to AkzoNobel’s own powder coatings activities. It will also enhance the company’s position in the United States.
The acquired business achieves global sales of several hundred million dollars and employs around 700 people, operating factories in the United States, Europe and China.
The deal enhances AkzoNobel’s position in key strategic markets, especially the U.S. market, the automotive market and the trade coaters market. It also introduces MDF and thermoplastic capabilities to AkzoNobel’s existing expertise.