He adds that the intended deal is also another clear sign that the company is continuing to make good progress with its strategic ambitions: “It’s a great match which aligns perfectly with our Grow & Deliver strategy and will give us access to new sectors of a market with exciting opportunities.
Commenting on the proposed acquisition, Dr. Leo Rokeach, Lankwitzer Managing Director, says: “We’re immensely proud of the business we’ve built here at Lankwitzer Leipzig. It’s now time to let our people and clients benefit from a global environment, which AkzoNobel undoubtedly offers. Being part of AkzoNobel's worldwide activities will offer attractive growth prospects for the Leipzig site and its employees.”
As well as the Leipzig facility, Lankwitzer’s wheel coatings business – which has a growing presence in China – operates laboratories in Germany (Leipzig) and Türkiye.
The intended transaction follows on from a series of recent acquisitions by AkzoNobel over the last two years, including Grupo Orbis in Latin America, Titan Paints in Spain and Portugal, New Nautical Coatings in the US and, most recently, the intended acquisition of the African paints and coatings activities of Kansai Paint
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