AkzoNobel to complete Mapaero deal to strengthen aerospace coatings business

Akzo Nobel N.V. (AKZA; AKZOY) has completed the acquisition of French aerospace coatings manufacturer Mapaero, which was first announced in July.

The deal will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments. Combining the world class product ranges from both companies will also enable AkzoNobel to provide customers with a much wider portfolio of innovative and sustainable solutions – as well as contributing directly to its Winning together: 15 by 20 strategy.

Established in 1992 and specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 employees.

AkzoNobel is a global leader in aerospace coatings, supplying high performance products and technologies for aircraft worldwide. For more information, visit www.aerospace.akzonobel.com

Source: AkzoNobel

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