The world's largest paint and coatings supplier is acquiring a Lancaster, S.C., company, officials announced recently.
AkzoNobel of The Netherlands will acquire Soliant LLC, a leading manufacturer and supplier of decorative paint and bright films used in the automotive, architectural, signage and other industries.
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The acquisition strengthens AkzoNobel's position in the automotive plastics decorating market and affirms its position of investing in “green” technologies, company officials said.
Soliant officials said the acquisition will bring a global reach to their business.
Soliant was established in 2002 and now supplies many of the leading auto manufacturers. It has about 100 employees. AkzoNobel has 60,000 employees in more than 80 countries.
Company officials expect the acquisition to be complete by the end of the month.