AkzoNobel acquires Lankwitzer Lackfabrik's aluminum wheels liquid coatings business unit
AkzoNobel acquires the liquid coatings business for aluminum wheels from Lankwitzer Lackfabrik (Image: AkzoNobel)
AkzoNobel has completed the acquisition of the liquid wheel coatings business of Lankwitzer Lackfabrik GmbH, strengthening its portfolio of high-performance coatings.
The liquid wheel coatings business acquired from Lankwitzer Lackfabrik will complement AkzoNobel's existing powder coatings offering and expand the company's range of innovative products, according to the company. Lankwitzer's rims and wheels business, which operates from a production facility in Leipzig, Germany, supplies approved products to automotive manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.
The company also has a growing presence in China and operates laboratories in Germany (Leipzig) and Turkey. The acquisition was first announced in July 2022.