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AkzoNobel Acquires Nippon

Tuesday, January 6, 2009

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AkzoNobel (Strawinskylaan, Amsterdam) acquired the 25% minority shareholding from Nippon Paint in the joint venture company AkzoNobel Nippon Paint Holding B.V. The former 75/25 joint venture, which was first established in 1993 between Courtaulds and Nippon Paint, involved the sale of coil coatings in the European Region. AkzoNobel now has 100% shareholding in the company, allowing a merger of the company and its subsidiaries into the AkzoNobel group.

Financial details were not disclosed.

   

Tagged categories: AkzoNobel; Coil coatings

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