AkzoNobel to acquire V Powdertech

LAHORE: AkzoNobel on Monday agreed to acquire the business of V Powdertech Co, Ltd, the leading Thai manufacturer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications, and currently employing more than 250 employees, a statement said.
The acquisition of V Powdertech will bring new technologies and services to complement AkzoNobel’s global technology portfolio and business in market segments such as architectural and automotive coatings, it added.
The transaction includes all relevant technologies, patents and trademarks, as well as a manufacturing plant in Samutsakhon, Thailand.