AkzoNobel to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik.

AkzoNobel, a paint and coatings producer, agreed to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik, a supplier of coating systems. Financial terms were not disclosed. “Acquiring this attractive business will complement our existing powder coatings portfolio and expand the range of innovative products we supply. We’ll be able to provide a comprehensive liquid and powder aluminum wheel coating offering to customers, becoming a one-stop-shop for the wheels industry, which will significantly reinforce our position in an important automotive market," Michael Friede, AkzoNobel Chief Commercial Officer of Performance Coatings.