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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.

  • New Nautical Coatings, is owner of the premium Sea Hawk brand
  • The business mainly supplies premium antifouling coatings, as well as several other products, such as primers and varnishes
  • In 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.

In 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 AkzoNobel’s footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market.

In 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 AkzoNobel’s strong position in powder coatings in Turkey, one of Europe’s largest powder coatings markets.

About AkzoNobel
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.

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