AkzoNobel to acquire Mapaero aerospace coatings business

AkzoNobel to acquire Mapaero aerospace coatings business

Specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France.

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AkzoNobel intends to acquire French aerospace coatings manufacturer Mapaero. The acquisition will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance.

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

“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.”

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 subject to customary information and consultation procedures with Mapaero’s employee representative bodies and regulatory approvals. The transaction is expected to be completed in the second half of 2019.

Headquartered in the Netherlands, AkzoNobel is active in more than 150 countries and employs around 34,500 people.