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	INVER TO ACQUIRE BECKERS' POWDER COATINGS OPERATIONS IN EUROPE
visit the Becker Powder Coatings web site	Oct - 01 - 2008 INVER is acquiring Becker Powder Coatings' four European production plants located in France, UK, Poland and Italy. INVER is excited at the prospect of completing an acquisition which will almost double the scale of its existing powder business. It will provide an excellent platform for establishing a higher profile in the European industrial coatings market. This acquisition will make INVER the 4th largest producer in the European powder market. Giovanni Domenichini, the CEO of Inver, stated: “This acquisition is perfectly in line with Inver’s strategy, demonstrating the strong desire to reach a European and international identity. Becker Powder Coatings has a very good fit with Inver, both in terms of European geographic sales coverage as well as product range and technology”. Erik Urnes, the MD of AB Wilh. Becker, stated “AB Wilh. Becker is pleased to have found a home for Becker Powder Coatings which offers the business and its employees good possibilities for further development. The divestment is a part of the Beckers’ strategy to focus on our core business within industrial coatings, wood coatings and artist materials.” Attached the complete press release.
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