AkzoNobel announced the acquisition of United Kingdom-based Flexcrete Technologies and another agreement to acquire French manufacturer Disa Technology (Disatech).
The deals will further strengthen AkzoNobel’s global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings, according to the company.
Concrete Substrate Protection
Headquartered in Leyland, England, Flexcrete Technologies manufactures products primarily used for the protection and repair of concrete substrates.
The acquisition will allow AkzoNobel to expand its offering in several key industrial markets, the company explains, including downstream oil and gas and chemical processing, commercial infrastructure, power, water and wastewater, and mining and mineral processing.
Adhesive Films Supplier
Meanwhile, Disatech supplies innovative adhesive films used in the aerospace, transportation, and industrial equipment sectors. Headquartered in Limoges, France, the company specializes in the manufacture of self-adhesive vinyl, polyester, and polycarbonate films used on aircraft, vehicles, agricultural machinery, and other equipment.
The acquisition of Disatech, described as a leader in aerospace technical marking systems, is expected to bring new technologies and services that complement AkzoNobel’s existing portfolio of coatings and films for aerospace and transport sectors.
“Both acquisitions support our strategy of investing in growth and innovation and are strongly aligned with our growth strategy,” said AkzoNobel CEO Ton Büchner. “They will expand our existing product and service offering, enabling us to deliver significant benefits to our customers. These deals also offer us great opportunities to pursue further coatings innovations in a number of our core markets."
The signed agreement between AkzoNobel and Disatech is subject to regulatory approvals.
For more information, contact: AkzoNobel, (312) 544-7000, www.akzonobel.com
