AkzoNobel to Acquire
BASF’s Industrial Coatings Business
AkzoNobel has made an agreed of- fer to acquire BASF’s Industrial Coatings business for €475 million.
The transaction would include technologies, patents and trademarks, as well
as securing supply to customers worldwide. Two manufacturing plants – one in
the UK and one in South Africa – would
also be transferred to AkzoNobel. The
business generated revenue of about
€300 million in 2015 and supplies products for a number of end uses, including
coil, furniture foil and panel coatings,
wind energy and general industry, and
commercial transport.
“This proposed acquisition will
strengthen our position in the impor-
tant coil coatings market and fits well
with our existing business, allowing
us to offer essential solutions to our
customers,” said AkzoNobel CEO Ton
Büchner. “We are continuing to deliver
on our strategy to achieve our vision
of leading market positions delivering
leading performance.”
The planned transaction is expected to
be completed in the second half of 2016,
subject to regular consultation with em-
ployee representatives and satisfaction
of certain closing conditions, including
receipt of required regulatory approval.
PPG Completes $7.8 Million
Investment at Global Paint
and Coatings Research and
Development Hub
PPG completed its $7.8 million investment at its Coatings Innovation Center in
Allison Park, Pennsylvania.
The upgrades to the facility include
increased laboratory and testing space
and upgraded equipment that improves
the technical capabilities of the compa-
ny’s primary research and development
facility for paint and coatings. The up-
grades enhance PPG’s resources for cre-
ating and testing sealants, adhesives and
pretreatment solutions; for simulating
the environments where customers use
its automotive and industrial paints and
coatings; and for training distributors,
painters and collision-repair profession-
als to successfully use the company’s au-
tomotive refinish coatings.
The investment at PPG’s Coatings
Innovation Center enhances three main
areas:
• The facility’s renovated coatings ap-
plication center provides two robot-
ic spray booths with environmental
controls for variable temperature,
humidity and airflow. The booths
enable PPG to replicate the manu-
facturing environments of customers
around the world to test the appli-
cation of automotive, industrial and
performance coatings products un-
der a wide range of conditions, such
as relative humidity ranging from 15
to 95 percent.
•Space has been converted to laboratories for synthesis, adhesives and
sealants, and pretreatment solutions
to accommodate increased staffing
and upgraded equipment that support PPG’s growing development
needs in these areas.
•A completely renovated, 9,000 sq.
ft. automotive refinish training center now provides state-of-the art
facilities, including two new spray
booths, a prep station, upgraded
equipment and two large classrooms where body-shop and collision-repair professionals can learn
about PPG products and application techniques. 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.
AkzoNobel.................................................................................................. 8, 58
Axalta .......................................................................................... 10, 68, 76, 130
BASF ......................................................................................................... 68, 76
Benjamin Moore ............................................................................................. 10
Berger Paints ................................................................................................... 76
H.B. Fuller ...................................................................................................... 10
Hempel ........................................................................................................... 10
HMG Paints.................................................................................................... 76
IFS Coatings.................................................................................................... 10
Kelly-Moore.................................................................................................... 10
PPG............................................................................................8, 10, 52, 68, 76
Sansin.............................................................................................................. 52
Sherwin- Williams ..................................................................................... 10, 52
Sinteplast......................................................................................................... 76
Tnemec ........................................................................................................... 10
Valspar............................................................................................... 10, 52, 100
