AKZO NOBEL Acquisition Of Thailand Powder Coatings Enterprises

- Dec 05, 2017-

AKZO NOBEL in November 27th said that it has agreed to buy Thailand powder coating manufacturing enterprise V.Powder tech Co., Ltd. The deal is expected to be completed in the next few weeks.The acquisition of V.Powder tech Co., Ltd. will bring new technologies and services to complement AKZO NOBEL's global technology portfolio and market segmentation, such as building and automotive coatings business.

The transaction includes all related technologies, patents and trademarks, as well as the manufacturing plant in Samutsakhon, Thailand. In addition, V.Powde Rtech Co., Ltd. staff will join AKZO NOBEL.