AkzoNobel Eyes Acquisition of Aerospace Coatings Maker Mapaero
July 18 2019 - 4:40AM
Dow Jones News
By Oliver Griffin
Akzo Nobel NV (AKZA.AE) on Thursday said it intends to acquire
French aerospace coatings manufacturer Mapaero.
The Dutch paint maker said the intended acquisition will
strengthen its position in aerospace coatings, notably in the
structural and cabin coating subsegments, and contribute directly
toward delivering its 2020 guidance.
Akzo Nobel said the deal would add 15% toward its return on
sales target.
Mapaero's president and CEO, Eric Rumeau, said there is clearly
a strong match in a possible combination.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
July 18, 2019 04:25 ET (08:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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