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AkzoNobel completes acquisition of Lankwitzer Lackfabrik’s aluminum wheel liquid coatings business
December 2, 2022
(AKZA; AKZOY)
AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio.
The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies.
Operating out of a manufacturing site in Leipzig, Germany, Lankwitzer’s Rims and Wheel business supplies approved products for car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.
The business also has a growing presence in China and operates laboratories in Germany (Leipzig) and Türkiye.
The deal was first announced in July 2022.
About AkzoNobel
We supply the sustainable and innovative paints and coatings that our customers, communities – and the environment – are increasingly relying on. That’s why everything we do starts with People. Planet. Paint. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from a pioneering paints company that’s committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.
