Flexcrete strengthened by acquisition
Concrete repair and protection manufacturer Flexcrete Technologies Ltd has been acquired by leading global paints and coatings company AkzoNobel. As part of the acquisition, 100% of the shares in Flexcrete Technologies Ltd have been acquired by AkzoNobel.
Flexcrete has been working alongside AkzoNobel since 2010, principally in China and Australia, with the introduction of a range of mortars and cementitious coatings which has proven highly successful when used in combination with the established AkzoNobel resin-based coating and lining systems.
Flexcrete’s original Founders Graham James OBE and Chris Lloyd will continue to manage the existing day-to-day sales, manufacturing and technical operations from Flexcrete’s head office and manufacturing complex in Leyland, Lancashire, and all Flexcrete staff have been retained as part of the acquisition. AkzoNobel is committed to a long-term presence on the existing Flexcrete site in Leyland.
Graham James OBE, Co-Founder of Flexcrete Technologies Ltd said: “We are excited about the huge benefits that the acquisition will bring. Although it will be very much business as usual and contacts will remain the same for our customers, the acquisition will enable us to build on our capabilities as a niche technology provider with the development of new, innovative and sustainable solutions for our target markets.
“We will benefit enormously from access to AkzoNobel’s Technical Centre in Felling where over 300 staff focus on R&D related activities and intend to strengthen the Flexcrete brand and increase sales both in the UK and overseas,” he continued.