AkzoNobel announced an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. Completion, which is subject to regulatory approvals, and expected before the end of 2022. Lankwitzer’s Rims and Wheel business operates out of a manufacturing site in Leipzig, Germany. Its products are approved for use by car manufacturers such as Daimler, […]
Sherwin-Williams Acquires German Coatings Company
The Sherwin-Williams Company (NYSE:SHW) announced an agreement to acquire Gross & Perthun GmbH, a Mannheim, Germany based developer, manufacturer, and distributor of coatings primarily for the heavy equipment and transportation industries. The acquired business has approximately 100 employees and annual sales of approximately $50 million, and will become part of the Sherwin-Williams Performance Coatings Group […]
BASF Opens New Refinish Laboratory Building in Germany
BASF opened a new laboratory building for the development of automotive refinish coatings and innovations beyond paint at its site in Münster, Germany. It underlines the Coatings division’s global position as a future-oriented and innovative company. “It is another component of our positioning as a global innovation center of BASF Coatings. We are thus complementing […]
Verisk and Ford Partner on Connected Car Data for Auto Insurance in Europe
The agreement gives Verisk license to supply connected car data to insurers in the UK, France, Germany, Italy and Spain. Verisk (NASDAQ:VRSK), a global data analytics provider, announced an agreement with Ford Motor Company (NYSE:F). As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist […]
Sherwin-Williams to Acquire European Industrial Coatings Business of Sika
The Sherwin-Williams Company (NYSE:SHW) announced it has signed an agreement to acquire the European industrial coatings business of Sika AG. The transaction is expected to close in the beginning of 2022. Based in Germany with additional sales and technical support in Poland, Austria and Switzerland, Sika’s European industrial coating business engineers, manufactures and sells corrosion […]
PPG Completes Acquisition Wörwag
PPG (NYSE: PPG) has completed its previously announced acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. The company specializes in developing sustainable liquid, powder and film coatings and operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland, with headquarters in Stuttgart, Germany. Founded in 1918, […]
PPG Acquires Automotive Coatings Manufacturer Cetelon
PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]
Automechanika Frankfurt Will Take Place as In-Person Event in September
Trade fair to take place with a new online program including livestream of in-person Collision Talk event. This year’s Automechanika Frankfurt is taking place as a hybrid event for the first time on September 14-18 in Frankfurt am Main, Germany. The primary focus will be on the physical event and all the advantages it offers. […]
PPG Acquiring German Coatings Company Wörwag
PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]
September Automechanika Frankfurt Event Postponed Until Next Year
The bienniel event in Germany will now be held from September 14-18, 2021. Messe Frankfurt announced that due to conditions resulting from the corona pandemic and measures taken to stem its spread, the organization along with its customers, partners and supporting associations have agreed to postpone the Automechanika Frankfurt event that was originally scheduled to […]