{"id":39144,"date":"2022-07-11T15:19:27","date_gmt":"2022-07-11T07:19:27","guid":{"rendered":"https:\/\/www.newtopchem.com\/archives\/39144"},"modified":"2022-07-11T15:19:27","modified_gmt":"2022-07-11T07:19:27","slug":"akzonobel-to-acquire-lankwitzer-lackfabriks-liquid-coatings-business-for-aluminium-wheels","status":"publish","type":"post","link":"http:\/\/www.newtopchem.com\/archives\/39144","title":{"rendered":"AkzoNobel to acquire Lankwitzer Lackfabrik&#8217;s liquid coatings business for aluminium wheels","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>\n <strong>Latest:<\/strong>AkzoNobel in agreement to acquire Lankwitzer Lackfabrik<br \/>\n GmbH&#8217;s liquid coatings business for wheels will strengthen its portfolio of high-performance coatings.  Completion is expected by the end of 2022, subject to regulatory approval.\n <\/p>\n<p>\n <img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-39143\" src=\"https:\/\/www.newtopchem.com\/wp-content\/uploads\/2022\/07\/20220708143337_4800.jpg\" width=\"600\" height=\"400\" alt=\"\" srcset=\"http:\/\/www.newtopchem.com\/wp-content\/uploads\/2022\/07\/20220708143337_4800.jpg 600w, http:\/\/www.newtopchem.com\/wp-content\/uploads\/2022\/07\/20220708143337_4800-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>\n <\/p>\n<p>\n Lankwitzer&#8217;s rim and wheel business operates from a production site in Leipzig, Germany.  Its products are approved for use by car manufacturers such as Daimler, Audi, Volkswagen, Opel, Fiat and Renault.\n <\/p>\n<p>\n &#8220;Acquiring this attractive business will complement our existing powder coatings portfolio and expand the range of innovative products we offer.&#8221; AkzoNobel Chief Commercial Officer &#8211; Performance Coatings Michael<br \/>\n Friede explained, \u201cWe will be able to offer our customers a comprehensive range of liquid and powder aluminum wheel coatings, becoming a one-stop shop for the wheel industry, which will significantly strengthen our position in the important automotive market.\u201d\n <\/p>\n<p>\n The deal of interest is also another clear sign that the company continues to make good progress on its strategic ambitions, he added.  This is a good match with our &#8220;Grow and Deliver&#8221;<br \/>\n &#8220;The strategies are fully aligned and will allow us to enter a new area of \u200b\u200bthe market with exciting opportunities.\n <\/p>\n<p>\n Leo, Managing Director, Lankwitzer<br \/>\n Commenting on the acquisition proposal, Dr. Rokeach said: &#8220;We are extremely proud of the business we have built in Leipzig. Now is the time for our employees and customers to benefit from a global environment that AkzoNobel certainly offers. Becoming a  Part of AkzoNobel&#8217;s global activities will offer attractive development prospects for the Leipzig site and its employees.&#8221;\n <\/p>\n<p>\n In addition to the factory in Leipzig, Lankwitzer&#8217;s wheel coatings business &#8211; with a growing presence in China &#8211; has laboratories in Germany (Leipzig) and Turkey.\n <\/p>\n<p>\n The deal follows a series of acquisitions by AkzoNobel over the past two years, including Grupo Orbis in Latin America, Titan Paints in Spain and Portugal, New<br \/>\n Nautical Coatings and the recent proposed acquisition of Kansai Paint&#8217;s African Paints and Coatings business.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Latest:AkzoNobel in agreement to acquire Lankwitzer Lac&#8230;<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":39143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[13129],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/39144"}],"collection":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/comments?post=39144"}],"version-history":[{"count":0,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/39144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/media\/39143"}],"wp:attachment":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/media?parent=39144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/categories?post=39144"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/tags?post=39144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}