Industry News
Protech in negociations to acquire Flanders Powder NV
Published on 2006-10-27. Author :
SpecialChem
The Protech/Oxyplast Group of Montreal, through its Belgian
affiliate, Oxyplast Belgium NV, has offered to purchase the powder coatings
business of Flanders Powder NV of Wevelgem, Belgium . The eventual outcome
of such a transaction would be the emergence of a stronger leading powder
coatings manufacturer in the Benelux region. The potential deal would
also include the acquisition of a participation in Ekopowder of Opava,
Czech Republic, by the Protech/Oxyplast Group, allowing them to benefit
from the fast-growing East European market. Both parties hope to conclude
a transaction before the end of the current year.
Source: Protech/Oxyplast Group
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