Paint maker AkzoNobel takes over the powder coating operations of the American branch agent Stahl. The company announced it without releasing any financial details. The takeover is already completed.
With the purchase of Stahl Performance Powder Coatings, AkzoNobel will, among other things, have at its disposal technologies for powder coatings which hardened at relatively low temperatures. These coatings can be used on relatively sensitive materials such as MDF, plywood and various types of plastic. According to AkzoNobel, this technology offers considerable growth opportunities, especially for customers who want to treat wood.