The deal is part of a plan to broaden AkzoNobel’s North American distribution. The company said it remains committed to the U.S. market and believes a vibrant and diverse distribution network is mandatory for success in the rapidly evolving collision repair industry.
“LKQ Corporation is one of the most recognized and respected names in the automotive industry,” noted AkzoNobel A & AC Americas General Manager AB Ghosh. “We are proud to have them as a part of our growing North American network of distribution partners.”
Ghosh continues, “We are constantly challenging ourselves to improve our global leadership position. Our strength exists in our core competencies which are providing exceptional products, technology, and service to the collision repair industry. By moving toward independent distribution in North America, we can now bring even greater focus to those areas which make us unique and set us apart from our competition."
“We have long admired the body shop solutions offered by AkzoNobel," noted LKQ's co-CEO Robert L. Wagman. "Their ability to deliver value added solutions in combination with being a color technology leader makes it an honor to partner with the world’s largest coatings company.”
Wagman continued, “LKQ currently has relationships with thousands of collision repair shops throughout the United States. We are excited about the opportunity to cultivate new opportunities with the AkzoNobel team. This transaction reflects LKQ’s commitment to being a one-stop-shop solution to the collision repair industry by providing superior products and services. By adding AkzoNobel’s portfolio of brands to our product offerings validates that commitment.”
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today™. AkzoNobel Automotive & Aerospace Coatings is one of the world's leading suppliers of paints and services for car repair, commercial vehicles, automotive plastics and aerospace coatings markets. It sells coatings for original equipment and refinishing applications to bodyshops, aircraft manufacturers, fleet owners, automotive suppliers and major bus and truck producers.Brands include Sikkens®, Lesonal®, Dynacoat®, Wanda®, Sikkens Autocoat® BT, Aerowave®, Aerobase® and Aerodur®.
Operating in more than 60 countries, Automotive & Aerospace Coatings has specialists around the world who understand local markets and can serve local needs. Its state-of-the-art customer services, color and technology solutions include offering technical and logistical support and the delivery of training programs.
For more information visit www.akzonobel.com.
