AkzoNobel announced it has completed the previously announced acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio.
The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of products the company supplies.
Operating out of a manufacturing site in Leipzig, Germany, Lankwitzer’s Rims and Wheel business supplies approved products for vehicle manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.
The business also has a growing presence in China and operates laboratories in Leipzig as well as Turkey.