supporting the architect in London, the
fabricator and the system house in Belgium
and the applicator in Poland,” said Michael
Cash, Axalta’s president of Industrial coatings. “It also shows our determination in
fully understanding our customer’s projects and designing to achieve their vision.
That level of partnership and co-creation
is Axalta’s competitive advantage, and the
success of our customers and end-users is
our ultimate goal.”
PPG Completes Acquisition
of Romanian Paint and
Coatings Manufacturer
DEUTEK
PPG 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 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 out-
lets 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 build-
ing a market-leading position based on
trusted brands and innovative products.
This vision is fully shared by PPG, which
supports the management team
and its development plans. We
are confident that joining PPG
will accelerate our innovation
and thus help us to achieve performance
consistent with our vision.”
Sika Acquires Leading
Austrian Manufacturer of
Waterproofing Systems
Sika is acquiring Bitbau Dörr, a leading waterproofing system manufacturer,
headquartered in Innsbruck, Austria. The
transaction is subject to approval by the
Austrian competition authority. The product portfolio includes complete waterproofing systems for roofs, buildings and civil
engineering applications. In the past business year, the company with its 85-strong
staff recorded sales of CHF 50 million.
The acquisition of Bitbau Dörr GmbH
will enable Sika to expand its product
portfolio. Both companies will benefit from growth opportunities resulting
from expanded distribution channels and
