Sassenheim, the Netherlands, 12th November 2007 - Akzo Nobel Car Refinishes has strengthened the global presence of its Car Refinishes business with its acquisition of Color Spec Paints Ltd on the 1st of October 2007.
Established nearly 20 years ago, Dunedin-based Color Spec Paints Ltd has been the sole importer of Akzo Nobel Car Refinishes products in New Zealand and has established a strong presence for Akzo Nobel Car Refinishes brands.
The deal involves the entire Color Spec business, including the transfer of all employees. As part of the acquisition, Akzo Nobel Car Refinishes also takes over Color Spec’s current branches which are located at strategic sites in New Zealand on both the North Island and the South Island.
“This is an important acquisition which will boost our presence in New Zealand and further extend the local reach of our internationally renowned products and services,” said Peter Sadler, General Manager Akzo Nobel Car Refinishes Australia Pty Ltd.
Stephen and Helen Kidd, current directors of Color Spec Paints Ltd commented: “We are extremely pleased that Color Spec will become part of Akzo Nobel Car Refinishes which is committed to continuing to grow and develop the company that we established in 1987. Given the changes happening in the market place, this is a positive development for the company”.
Akzo Nobel’s Car Refinishes business is one of the world’s leading suppliers of paints and services for the car repair, commercial vehicles and automotive plastics markets, and has operations in more than 60 countries, with its Australian activities based in Port Melbourne, Victoria.
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For more information please contact:
Akzo Nobel Car Refinishes Australia:
Peter.sadler@akzonobel.com, tel. +61 396441711