AkzoNobel has finalized the acquisition of BASF’s global Industrial Coatings business,
which supplies a range of products
for industries including construction,
domestic appliances, wind energy and
commercial transport.
The transaction includes relevant
technologies, patents and trademarks, as well as two manufacturing
plants in the UK and South Africa.
Approximately 400 employees from
BASF’s Industrial Coatings business
join AkzoNobel, bringing expertise to
innovate and serve an expanded customer base worldwide.
Completing this transaction also
positions AkzoNobel as a full service
coatings provider for the protection
and maintenance of wind turbines,
providing essential protection to wind
power stations around the globe. The
transaction is based on a deal value of
€475 million, with BASF’s Industrial
Coatings business generating revenue
close to €300 million in 2015.
During the next two years, a portion
of the BASF production volume will be
transferred to existing nearby AkzoNobel
manufacturing facilities. This will bring
synergies and additional production efficiencies. The full profitability of the
acquisition will be realized by the end
of 2018, in line with the stated financial
guidance from AkzoNobel for its existing
Performance Coatings business.
“We are pleased to welcome our
new colleagues to AkzoNobel,” said
Conrad Keijzer, the company’s Executive
Committee member responsible for
Performance Coatings. “This business is an
excellent strategic fit and will strengthen
our leading market positions, particularly
in the coil, protective and wood coatings
sectors in Europe. We will be able to offer
new products and maintenance solutions
– such as protective coatings for wind tur-
bine blades – and service a broader cus-
tomer base to drive growth.”
This transaction is fully aligned with
the AkzoNobel strategy of pursuing value
creating bolt-on acquisitions.
Color Pigments
Manufacturers
Association Celebrates
Accomplishments at 87th
Annual Meeting
The Color Pigments Manufacturers
Association (CPMA) heard from several industry experts, honored retiring
Board members and Committee Chairs,
and shared key regulatory and advocacy
accomplishments from the year at its
87th Annual Meeting on December 6,
2016, at the Crowne Plaza Times Square
Manhattan in New York.
“In looking back on the past year, there
were many regulatory accomplishments for
the color pigments industry that we are par-
ticularly proud of,” said CPMA president
John Marten. “As we move forward into
2017, CPMA will continue to proactively
engage with regulators, stakeholders and
downstream customers on North American
and international challenges.”
During the Annual Meeting, Dr.
Walther Hofherr, Executive Director
of the Ecological and Toxicological
AkzoNobel Completes Acquisition
of BASF’s Industrial Coatings Business
Old Plater’s Lunch Held in Melbourne, Australia
The Old Plater’s lunch started approximately five years ago. and
involves 15 key metal finishing stalwarts from the electroplating
industry in Victoria, AU. “Numbers are slowly dwindling due to
age, illness and departure,” said Darrel Reeve, a consultant. “All
were/are keen supporters of the AIMF (Australasian Institute of
Metal Finishing) which changed its name to AISF (Surface Finish-
ing) a few years ago. Key organizers of the annual event are Wal
Edgar and Clive Whittington. About half of the group are also
members of IMF UK.”
In the picture from left to right:
• Adolph Rubio – retired – ex Enthone/OMI
• Ken Dugan – farming – ex Hardchrome Engineering
• John Kleine – semi-retired consultant – ex MacDermid
• Ron Watt – retired – ex OH&S Consultant
• Ian Rose – retired – ex Enthone
• Bruce Wilson – retired – ex Defence R&D
• John Tennison-Woods – retired – ex Suppliers and consultant
• Darrell Reeve – semi-retired consultant – ex Atotech
• Wal Edgar – farmer – ex Precision Plating
• Clive Whittington – semi-retired consultant – ex INCO
Missing:
• Pat Aughterson – semi retired – Excellent Plating
• Brian Moore – retired – ex Sterling Plating
• Pat McIlvena – semi retired consultant– ex MacDermid
