AKZONOBEL ACQUIRES V POWDERTECH
AkzoNobel has agreed to acquire the business of V Powdertech Co Ltd, a Thai manufacturer of powder coatings and supplier of a range of products for domestic appliances, furniture and general industrial applications.
It currently employs more than 250 employees.
The acquisition of V Powdertech will bring new technologies and services to complement AkzoNobel’s global technology portfolio and business in market segments such as architectural and automotive coatings.
Ruud Joosten, AkzoNobel’s COO of Paints and Coatings said that The transaction is expected to be completed within the coming weeks.
