PPG Completes Acquisition of AkzoNobel
North American Architectural Coatings Business
PPG Industries has finalized the acquisition
of the North American architectural coatings
business of Akzo Nobel N.V., Amsterdam, in
a deal valued at $1.05 billion.
“We are pleased to have successfully
completed this acquisition, the second-largest in our company’s history, as it
further extends PPG’s architectural coatings business in the United States, Canada
and the Caribbean, and continues the accelerated pace of our business portfolio
transformation,” said Charles E. Bunch,
PPG chairman and CEO. “With this acquisition, PPG has expanded its reach in
all three major North American distribution channels, including home centers,
independent paint dealers and company-owned paint stores. The company’s product offerings are now available in more
than 15,000 outlets across the region.
“Our already strong portfolio of North
American brands, including PPG Paints, PPG
Pittsburgh Paints, PPG Porter Paints, Lucite
and Olympic Paints and Stains, has been significantly strengthened with the addition of
well-known brands such as Glidden, Flood,
CIL, Sico and Liquid Nails,” Bunch said.
PPG also will license the following brands:
Dulux, Devoe architectural coatings and
Sikkens architectural wood products.
Fischer, senior vice president, Coatings
Solutions Asia Pacific, BASF. “In Thailand,
BASF has been in the motorcycle coatings
business for more than 10 years and is the
leading motorcycle coatings supplier local-
ly. By staying close to customers, the new
facility allows BASF to respond even faster
to customer and market needs, and provide
comprehensive high-quality services and
innovative technologies and solutions in a
more efficient manner.”
“Thailand is a key market and pro-
duction hub for the car and motorcycle
industries in ASEAN, which is an impor-
tant region for these industries,” Boonchai
Opas-iam-likit, managing director, BASF
Thailand Limited, added, “This technical
competence center will significantly ben-
efit our customers, especially in Thailand,
and at the same time is important to
BASF in achieving our long-term business
objectives.” CW
Index to Companies
This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants
Subsidiaries are indexed under their own names.
BASF Sets-up Coatings
Technical Competence
Center in Bangkok, Thailand
BASF has set up a new Coatings Technical
Competence Center ASEAN in Bangkok,
Thailand. This new facility supports technical and laboratory activities mainly in
motorcycle coatings, including technology
transfer, product development, performance
testing, color design and development, and
houses a sales and marketing team as well
as a technical service team.
“At BASF, we align our growth plans ac-
cording to our customers’ expansion plans.
The set-up of the new facility is well-timed,
as there are increasingly more motorcycle
and car plants being established in or trans-
ferred to ASEAN locations,” said Peter
AkzoNobel...................................................................................................... 10
8 | Coatings World
www.coatingsworld.com
April 2013
