AkzoNobel acquire French aerospace coatings manufacturer Mapaero

AkzoNobel to acquire French aerospace coatings manufacturer Mapaero

6:54 AM, 19th July 2019
French aerospace coatings manufacturer Mapaero

AMSTERDAM, NETHERLANDS: AkzoNobel plans to acquire French aerospace coatings manufacturer Mapaero. The intended acquisition will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments.

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

The transaction is expected to be completed in the second half of 2019.

“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 Thierry Vanlancker, CEO, AkzoNobel.

“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 as we progress further with our Winning together: 15 by 20 strategy and will be accretive towards our 15% return on sales target,” added Vanlancker.

“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,” said Eric Rumeau, President and CEO of Mapaero.

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