AkzoNobel to purchase Mapaero to strengthen its global aerospace coatings business

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

AkzoNobel to purchase Mapaero to strengthen its global aerospace coatings business
Established in 1992 and specialising in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 employees.

AkzoNobel CEO, Thierry Vanlancker, said, “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.”

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.