PPG Completes Acquisition
of Romanian Paint and
Coatings Manufacturer
DEUTEK
PPG has announced that it has completed
its acquisition from the Emerging Europe
Accession Fund (EEAF) of DEUTEK
S.A., a leading Romanian paint and architectural coatings manufacturer that reported sales of 30 million euros in 2015.
Financial terms were not disclosed.
DEUTEK manufactures and markets
a large portfolio of professional and
consumer paints, including the OSKAR
and Danke! brands. Its products are
sold in more than 120 do-it-yourself
stores and 3,500 independent retail outlets in Romania.
“DEUTEK is a well-managed business
with a long heritage of excellent customer
service and a portfolio of well-recognized
brands in Romania. The acquisition
adds the fastest-growing paint brands in
Romania, where PPG has only a small
presence in architectural coatings,” said
Jean-Marie Greindl, PPG senior vice
president, global architectural coatings,
and president, PPG EMEA (Europe,
Middle East and Africa). “This impor-
tant acquisition in Romania extends our
presence in the region and complements
our positions in Poland, Czech Republic,
Hungary and Slovakia.”
Deutek CEO Gabriel Enache said,
“We have always focused on building a
market-leading position based on trusted
brands and innovative products. This vi-
sion is fully shared by PPG, which sup-
ports the management team and its
development plans. We are confident that
joining PPG will accelerate our innova-
tion and thus help us to achieve perfor-
mance consistent with our vision.”
AkzoNobel to Develop
New Color Line with Dave
Kindig
Automotive artist and TV star Dave
Kindig has joined forces with AkzoNobel
to jointly develop a new custom color line
of vehicle paints. Kindig – host of popular
cable TV show Bitchin’ Rides – is owner
and chief designer of custom fabrication
automotive shop Kindig-It Design, where
cars are rendered, designed, built and
restored into works of art. “I’m thrilled
to be working with AkzoNobel on devel-
oping this brand new custom color line,”
said Kindig.
Jennifer Solcz, North American mar-
keting manager for AkzoNobel Vehicle
Refinishes: “We are proud to join forces
with Dave Kindig, a true automotive
artist, who is known throughout North
America for his exceptional
quality, workmanship and style.
AkzoNobel is in the business of
color, and we are dedicated to
color innovation through product devel-
opment and dynamic strategic partner-
ships.” The new custom colors will make
their debut at the SEMA Show in Las
Vegas in 2017. CW
