Akzo Nobel acquires Ceilcote business from KCH Group

23 Apr 2007 - Akzo Nobel has strengthened its position in the global protective coatings market after signing an agreement to acquire the worldwide Ceilcote business from the German-based KCH Group for close to EUR 12 million. Ceilcote specializes in high performance, polymer-based corrosion control solutions for both new construction and maintenance projects. "This deal underlines our strong commitment to delivering on Akzo Nobel's ambitious growth strategy," explained CEO Hans Wijers, who is also the Board member responsible for Coatings. "As the world's leading coatings company, we are always looking to explore significant expansion opportunities in both mature and emerging markets and this is an important acquisition which will further enhance our portfolio and consolidate our global presence." Established in Cleveland, Ohio, in the United States in 1926, Ceilcote - which employees 36 people - is a global operation, with a regional sales office situated in Singapore. Last year, the company relocated its main manufacturing facility and headquarters to a new facility in Berea, Ohio.