The Netherlands: Business Deal Akzo Nobel Acquires Stahl Performance Powder Coatings
With the acquisition, Akzo Nobel now also has access to Stahl’s unique low curing technology which is considered as one of its kind in the powder coatings industry. The deal is expected to assist the company to venture into new business opportunities.
The Netherlands – Akzo Nobel has completed the acquisition of Stahl Performance Powder Coatings and its range of products for heat sensitive substrates. The deal gives the company accelerated access to a unique low curing technology that will open up exciting new market opportunities.
The commercially ready technology acquired by Akzo Nobel is the only one of its kind in the powder coatings industry. It includes both UV and thermally curing powders and will enable the company to penetrate the ultra-low cure (80-100°C) domain, opening up new markets based on applying powder to temperature sensitive substrates such as MDF, plywood, thermoplastics and composites.
“This is a great acquisition which will enable us to build on our global leadership position by entering emerging market spaces that have major potential,” says Daniela Vlad, Business Director of Akzo Nobel Powder Coatings. “The clearly differentiating UV technology in particular is expected to see significant growth and will further strengthen our position as a complete provider of sustainable solutions for heat sensitive substrates, in particular for our wood coatings customers.”
Powder on wood is a rapidly growing area within the coatings industry as customers look to embrace the sustainability benefits that powder has to offer. The acquired technology is mainly focused on the furniture, architectural and industrial markets.
“Adding this know-how to our existing expertise will open up a broad range of process applications and enable us to deliver innovative new surface solutions,” continues Vlad. “We’re looking to lead the way in emerging powder markets and further establish ourselves as a technology frontrunner as our portfolio continues to expand.”
Akzo Nobel supplies powder coatings to customers worldwide, covering market segments ranging from domestic appliances, architecture and automotive, to furniture, IT and general industrial applications.