AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio.

The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies.

Operating out of a manufacturing site in Leipzig, Germany, Lankwitzer’s Rims and Wheel business supplies approved products for car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.

The business also has a growing presence in China and operates laboratories in Germany (Leipzig) and Türkiye.

The deal was first announced in July 2022.