AkzoNobel buys Thai powder coating business

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Published: Monday, 27 November 2017

In the wake of failed tie-up with Axelta, Akzo snaps up Thai powder business.

Dutch paintmaker AkzoNobel will buy Thai powder coatings company V.Powdertech, part of a wave of mergers and acquisitions that is hitting an industry balancing rising coating demand with increased prices of titanium dioxide, its main raw material cost.

AkzoNobel is the world’s third-largest coatings maker, with sales of €9.5 billion...

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