24th January 2019

AKZONOBEL ACQUIRES EUROPEAN SUPPLIERS

AkzoNobel has acquired UK-based Flexcrete Technologies Ltd and signed an agreement to acquire French manufacturer Disa Technology (Disatech).The deals, the company says, will further strengthen AkzoNobel's global leadership position in industrial coatings and aerospace and automotive coatings.

Flexcrete Technologies manufactures products primarily used for the protection and repair of concrete substrates. The acquisition allows AkzoNobel to expand its offering in several key industrial markets, including downstream oil and gas and chemical processing, commercial infrastructure, power, water and waste water, and mining and mineral processing.

Disatech supplies adhesive films used in the aerospace, transportation and industrial equipment sectors. Headquartered in Limoges, the company specializes in the manufacture of self-adhesive vinyl, polyester and polycarbonate films used on aircraft, vehicles, agricultural machinery and other equipment, and is the leader in aerospace technical marking systems.

Commenting on the agreements, AkzoNobel CEO Ton Büchner said: "Both acquisitions support our strategy of investing in growth and innovation and are strongly aligned with our growth strategy. They will expand our existing product and service offering, enabling us to deliver significant benefits to our customers. These deals also offer us great opportunities to pursue further coatings innovations in a number of our core markets."

The signed agreement between AkzoNobel and Disatech is subject to regulatory approvals.

www.akzonobel.com