Due to increase in Yacht industries, AkzoNobels Yacht Coatings business signed a new partnership with the Water Revolution Foundation. As per agreement AkzoNobel will specifically share knowledge gained through developing some of the most innovative primers, fillers, topcoats and underwater hull coatings available on the market
- The partners will share its expert knowledge and insight, which has been acquired over many decades of developing pioneering solutions for customers around the world.
- Established in 2018, the Water Revolution Foundation is a not-for-profit organization that works to preserve the worlds oceans by helping the yacht industry to drive down its environmental impact.
The prominent acquisitions and expansions by AkzoNobel are featured below:
March 2021: To boost the application of industrial coatings, AkzoNobel plans to acquire a stake in Qlayers. The pioneering technology from Qlayers, opens up new possibilities in the application of industrial coatings.
Feb 2021: To accelerate research in powder coatings, AkzoNobel opened a new R&D lab in Como, Italy. The new research facility features an application lab, process lab, and analytical and testing lab is dedicated to delivering low cure powder coatings for use on heat-sensitive substrates (such as MDF, plywood, thermoplastics and composites).
Dec 2020: To expand coating business AkzoNobel announced to acquire New Nautical Coatings. The deal helps to increase AkzoNobel presence in the North American yacht coatings market.
Oct 2020: To strengthen paint business in Europe, AkzoNobel announced to acquire the decorative paints business of Spains Industrias Titan S.A.U. Spains best-known brand Titan, has a relevant presence in Portuguese market.
Sep 2020: AkzoNobel had completed the acquisition of Stahl Performance Powder Coatings and its range of products for heat sensitive substrates. The deal gives the company accelerated access to unique low curing technology that will open up exciting new market opportunities.
April 2020: AkzoNobel had completed the acquisition of 100% of the shares of Mauvilac Industries Limited, a leading paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores and access to a strong distribution network. The acquisition of Mauvilac strengthens AkzoNobels footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market.
March 2020: Akzo Nobel N.V. had completed the acquisition of the remaining 25% stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a leading powder coatings joint venture in Turkey. The company has now acquired full ownership, having previously held the majority share. Following a successful partnership, the deal will help to consolidate AkzoNobels strong position in powder coatings in Turkey, one of Europes largest powder coatings markets.
Akzo Nobel is a global leader in the paints and coatings sector. Its world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. AkzoNobel is headquartered in the Netherlands and the company is active in over 150 countries and employ around 34,500 people.