Akzo Nobel Acquires Refinishes Business From MAC Specialty Coatings

    ARNHEM, the Netherlands--Feb. 21, 2001--Akzo Nobel has acquired the vehicle refinishes business of MAC Specialty Coatings in the US. The deal includes the U-Tech product line for the fleet, truck and bus markets, which Akzo Nobel has distributed exclusively since March 1999. Financial details were not disclosed.
    "This acquisition strengthens Akzo Nobel's overall position in the US market for vehicle refinishes", said Rudy van der Meer, Member of the Board of Management responsible for Coatings. "We pride ourselves on being a full-line supplier of products to the collision repair industry. This acquisition allows Akzo Nobel to offer our commercial customers in North America an even broader spectrum of refinishing products".
    Rob Molenaar, Akzo Nobel Car Refinishes' North American General Manager, added, "U-Tech gives our distributors a broader product offering. Now they can offer our customers everything from Sikkens, which serves the High-segment, to Lesonal in the Med-segment market, to U-Tech for the light commercial and automotive markets."
    U-Tech will be merged into Akzo Nobel's Car Refinishes organization. To ensure a seamless transition the current organization will remain intact.