As We Go To Press
ACCC opposes acquisition of Wattyl
The Australian Competition and
Consumer Commission (ACCC) has
opposed the proposed acquisition of
Wattyl by South Africa’s Barloworld,
ACCC chairman, Graeme Samuel, said.
“The ACCC has formed the view, after a
comprehensive investigation and
inquiries among industry participants,
that the proposed acquisition is likely to
substantially lessen competition for the
manufacture and supply of architectural and decorative paints in Australia,”
Samuel pointed out. “Wattyl and
Barloworld are the second and third
largest suppliers of architectural and
decorative paints in Australia, and the
merged firm would account for more
than half of total sales. The merged firm
and Orica, which is currently the
largest supplier, would together account
for approximately 90% of architectural
and decorative paint sales.”
Commenting on the announcement
in a statement made to the press,
Barloworld CEO Tony Phillips said the
ACCC’s position was “disappointing.”
“We believe that our proposal would
have been good for the Australian public and the industry. It would have
revitalized consumer choice by creating a vigorous competitor to the current market leader and also stimulated market growth. We believe that the
divestment proposals we presented to
the ACCC would have addressed their
competition concerns.
“However, they now want us to go
further and divest even more assets.
This would have destroyed the business logic of the deal. Accordingly,
given that ACCC approval was a condition and taking into account the
commercial considerations, we will be
letting our offer lapse on July 20.”
Company as one of its preferred global
suppliers, joining a select list of 36
suppliers in Ford’s “Aligned Business
Framework.”
The Aligned Business Framework is a
crucial element in Ford’s global program
to reduce the number of suppliers the
company uses, and to build more collaborative relationships with those suppliers, the company said. Globally, Ford has
more than 2,000 production suppliers
and spends approximately $70 billion
dollars annually on production parts.
“We are pleased and honored to be
selected by Ford as one of its preferred
suppliers,” said Jeffrey A. Leone,
BASF’s global account director for
Ford. “BASF has a long and proud
relationship with Ford. This designation recognizes the consistent quality
of our products and services as well as
our commitment to helping Ford be
more successful.”
SPECIALTY COATING SYSTEMS
OPENS COSTA RICA FACILITY
Expanding its parylene coating capabilities, Specialty Coating Systems
(SCS) has opened its newest parylene
coating facility in Heredia, Costa Rica.
The 8,000-square foot facility, located
in the Global Park Free Zone, is the
company’s first in Costa Rica and the
tenth location worldwide.
“We are pleased to be able to expand to
meet the needs of our current customers
and position the company for future
growth,” said Terry Bush, COO of SCS.
“SCS’ location in Costa Rica enables us to
better serve our worldwide markets.” CW
FORD RECOGNIZES BASF
BASF has been named by Ford Motor
Index to Companies
This index gives the starting page for a department or feature with
a significant reference to a manufacturer of paint, coatings, adhe-
sives and sealants. Subsidiaries are indexed under their own names.
Akzo Nobel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Ameron. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Barloworld ................................................8
BASF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8, 30
Cortec Laboratories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Dassault Systèmes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Finishes Unlimited. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Foster ................................................... 22
Henkel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Huarun Paints ............................................ 10
nCoat. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
PPG. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 30
R-M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Sherwin-Williams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Tennant Company ......................................... 22
Valspar .................................................. 10
Victrex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Wattyl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
