Protech in negociations to acquire Flanders Powder NV

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