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AkzoNobel: acquires business from Lankwitzer Lackfabrik

( - AkzoNobel has completed the acquisition of the liquid wheel coatings business of Lankwitzer Lackfabrik, in a move that strengthens the company's performance coatings portfolio.

The acquired business will enhance AkzoNobel's existing powder coatings offering and expand the range of innovative products the company provides.

Found at a plant in Leipzig, Germany, Lankwitzer's Wheels and Wheels business supplies homologated products to car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.

The company also has a growing presence in China and also operates laboratories in Germany (Leipzig) and Turkey.

The agreement was first announced in July 2022.

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