Strengthen the position of aviation coatings field

Founded in 1992, Mapaero focuses on Sustainable water-based and advanced environmental products. It has a manufacturing plant in France with about 140 employees. Develop, manufacture and sell aircraft coatings according to customer requirements. Its specialty is waterborne coatings and other advanced environmental protection coatings. These products combine performance and economic advantages. They meet the highest quality and technical requirements. They are applied to civil and military helicopters, civil and military aircraft and commercial aircraft, providing special coatings with anti-skid, anti-static and anti-corrosion properties. Customers include Airbus, Bombardier, European helicopters, Dassault, Air France, Lufthansa and so on. Thierry Vanl anckerl, chief executive of Akzonobel, said: "The world-class product line from the two companies is very suitable. By combining our expertise, we will be able to consolidate our global position in steadily growing aviation. This transaction will enable us to be guests. Households provide a broader portfolio of innovative and sustainable products. It also demonstrates our commitment to continuing to invest in strategic growth opportunities, because we have made progress together: 15 times 20 strategy, and will add up to our sales target rate of return of 15%. The proposal is an exciting opportunity. Our activities and activities complement each other, and our ideal position is to help them further improve their existing product mix and service level. This combination obviously has a strong match. Eric Rumeau, president and CEO of Mapaero, added.

 Akzo Nobel's offer is subject to routine information and consultation procedures approved by Mapaero Employee Representatives and Regulatory Departments. The transaction is expected to be completed in the second half of 2019.