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AkzoNobel Assumes Full Control In Mexico Joint Venture
AkzoNobel Car Refinishes Americas has announced that it has bought out its joint venture partner, Comex, to assume full responsibility for the marketing and distribution of the Sikkens?, Lesonal?, U-Tech? and Wanda? brands in Mexico.
During the 15-year joint venture period, AkzoNobel solidified its presence and advanced refinish technologies with key businesses in the Mexican market, the company said.
"The Comex organization has been an integral component to our success in Mexico," noted Jim Rees, managing director of Car Refinishes. "Comex and the Achar family have been stellar partners. The long and respected business history of Comex provided AkzoNobel with a solid foundation for establishing itself in the collision repair industry in Mexico. Today, we are secure in our knowledge that this is a viable and growing market. We look forward to being an integral part of the business community for many years to come."
AkzoNobel will continue to market its full range of car refinish brands: Sikkens, Lesonal, U-Tech and Wanda. Access to these products will be available through the current chain of Comex locations and the valued network of independent distributors.
AB Ghosh, General Manager Car Refinishes Americas added, "We have had significant success with a variety of clients including Toyota, General Motors, the Public Transportation System in Mexico City and most recently AXA Insurance Company that awarded Sikkens as the preferred paint brand for their affiliated nationwide body shop network. We see much more opportunity in the future and look forward to significant growth."
Date Posted: December 16, 2010
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