INDUSTRY NEWS
AkzoNobel acquires New Nautical Coatings , owner of the Sea Hawk yacht coatings brand
AkzoNobel N . V . is set to increase its presence in the North American yacht coatings market after agreeing to acquire New Nautical Coatings , owner of the premium Sea Hawk brand . Financial details are not disclosed .
The privately-owned company is one of the top players in yacht coatings in North America . Operating a specialized production facility out of Clearwater Beach , Florida the business is mainly active in North America , with sales also being generated in the Caribbean and Australasia . The Sea Hawk brand enjoys high customer loyalty among yacht owners , shipyards and maintenance service providers based on its premium quality and product performance .
“ North America is a key region for our Yacht Coatings business – it ’ s the largest Yacht Coatings market in the world – so this is an excellent deal which perfectly complements our activities and offers excellent opportunities for growth ,” says AkzoNobel CEO , Thierry Vanlancker .
Adds Jean Michel Gauthier , Director of AkzoNobel ’ s Marine , Protective and Yacht
Coatings business : “ Acquiring New Nautical Coatings means we ’ re now well positioned to expand our operations in North America and further improve the service levels for our customers . It ’ s an established business , with a strong product portfolio , and we ’ re excited to welcome the widely-admired Sea Hawk brand into the AkzoNobel family .”
Recently recognized as one of North America ’ s top coatings manufacturers , New Nautical Coatings was established in 1978 . The business mainly supplies premium antifouling coatings , as well as several other products , such as primers and varnishes .
For more details about AkzoNobel ’ s Yacht Coatings business , visit www . yachtpaint . com
18 JANUARY 2021 read online : www . surfaceworld . com