RPM Performance Coatings
acquires API S.p.A.
RPM International Inc., through its performance coatings group, has acquired
API S.p.A., a $28 million producer and
installer of polyurethane and urethane-based flooring and decking solutions for
cruise ships, mega-yachts and naval applications. Based in Genoa, Italy, API also
produces epoxy and polyurethane flooring systems for the Italian building market. API will continue to be led by
Giorgio Magnaghi, managing director
and grandson of company founder Mario
Magnaghi, along with his management
team, which includes Vittorio and Beniamino Magnaghi, also grandsons of the
founder. The acquisition is expected to be
accretive to earnings within one year, and
terms were not disclosed. “API enhances
RPM’s presence in the decorative flooring
market and will complement the
strengths of our Stonhard and Flowcrete
commercial polymer flooring businesses,”
said Frank Sullivan, RPM chairman and
chief executive officer.
retail car-repair market.
“Currently, we have three different
brands in the trade polyurethane (PU) product range, and going forward it is our ambition to consolidate these as sub-brands under
the Dynacoat umbrella,” said Pundhir.
AkzoNobel automotive and aerospace
coatings India will market Dynacoat Miluz,
but the longer term plan is to make Dyna-
coat the umbrella for a wider range of trade
PU products and bring in the water-based
technology platform to India in the near fu-
ture. Because of the size and complexity of
the Indian market, the introduction is being
carried out in stages. AkzoNobel targets to
have 80 outlets by the end of the year.
Ecology Coatings nominated
for the Michigan Green
Chemistry Governor's Award
Program for 2011
Ecology Coatings, Inc., has been nominated
for the Michigan Green Chemistry Gover-
nor's Award Program for 2011. The Pro-
gram was established by the Michigan Green
Chemistry Roundtable to recognize innova-
tions in green chemistry. Winners will be no-
tified October 27, 2011. CW
Index to Companies
This index gives the starting page for a department or feature with a signifi-
cant reference to a manufacturer of paint, coatings, adhesives and sealants.
Subsidiaries are indexed under their own names.
AkzoNobel launches global car
refinish brand Dynacoat in
India
AkzoNobel has launched their international
car refinish paint Dynacoat across various
distribution points in India. Currently the
product is available in the East and Southern part of the country. With Dynacoat, AkzoNobel is targeting the mid-tier car refinish
market in India. It works on the concept of
the mixing machine which allows mixing of
nearly any local and international car color
with precision but with a minimum number
of tinting colors, the company said.
“Dynacoat is one of the leading brands
in AkzoNobel’s automotive and aerospace
business worldwide and has witnessed great
success in recent years,” said Divyendu
Pundhir, managing director, AkzoNobel au-
tomotive and aerospace coatings, India and
South Asia. “With the launch of Dynacoat
in India, the idea is to offer a complete as-
sortment in the market to strengthen our
position in India’s booming automotive and
AkzoNobel..............................................8, 16, 33
8 | Coatings World
www.coatingsworld.com
August 2011
