AzkoNobel sets eyes on Mapaero
The Dutch paint and coatings firm is looking to strengthen its aerospace coatings business
Dutch paint and coatings specialist AkzoNobel has declared its intention to acquire Mapaero, a French aerospace coatings manufacturing company. The intended purchase would fortify AkzoNobel's position globally in aerospace coatings, in particular structural and cabin coatings.
Mapaero was founded in 1992 and specialises in sustainable water-based and other ecofriendly products. The company operates a production facility in southern France and employs around 140 people.
“The world class product ranges from both companies have an excellent fit and by combining our expertise we’ll be able to strengthen our global position in the steadily growing aerospace coatings market,” said AkzoNobel CEO, Thierry Vanlancker.
“The transaction will enable us to provide our customers with a much wider portfolio of innovative and sustainable products. It also demonstrates our commitment to continue investing in strategic growth opportunities," he added.
Eric Rumeau, President and CEO of Mapaero, added: “AkzoNobel’s offer is an exciting opportunity. Our activities are complementary to those of AkzoNobel and we are ideally placed to help further improve their existing portfolio and service levels. There’s clearly a strong match in the combination.”
AkzoNobel's offer is still subject to regulatory approval and also to customary information and consultation procedures with Mapaero's employee representative bodies.
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