AkzoNobel To Acquire Dow Powder Coating Activities

AkzoNobel is to enhance its portfolio of sustainable technologies after signing an agreement with the Dow Chemical Company (Dow) to acquire its powder coatings activities. Financial details were not disclosed.

The deal will bring key technological know-how and significant synergy potential to AkzoNobel’s powder coatings business, as well as enhancing the company’s position in the US.

The powder coatings activities were purchased by Dow earlier as part of its acquisition of Rohm & Haas. This business achieves global sales of several hundred million dollars and employs around 700 people.

The company said that operating powder coatings factories in the US, Europe and China, Rohm & Haas developed several important new technologies, especially for the automotive and architectural segments, while the deal will also add MDF and thermoplastic capabilities to AkzoNobel’s existing expertise.

Leif Darner, the board member for performance coatings at AkzoNobel, said: “This is a strategic acquisition which will enable us to further penetrate key industrial coatings segments. By adding new powder technologies to our extensive portfolio we will be even better equipped to lead the way in meeting the increasing demand for innovative products with strong environmental profiles.”

Rob Molenaar, managing director of powder coatings at AkzoNobel, said: “Our intention is to move towards a more dedicated approach, whereby sites concentrate on specific technologies. These planned manufacturing enhancements and synergies will deliver improved operational efficiency and ultimately enable us to better serve our customers worldwide.”