AkzoNobel to take 100 percent control of Metlac Group
AkzoNobel currently is a shareholder in the Packaging Coatings Metlac Group. This position was inherited from the acquisition of ICI in 2008. The deal underlines the company's strong commitment to supporting the coatings and inks market for metal packaging by securing the future of a well recognized supplier.
The combination of the two companies will bring value to its customers by leveraging the AkzoNobel global footprint and the product range of Metlac.
"This acquisition will reinforce our customer offering and links perfectly with the strategy to strengthen our positions in core markets", said Leif Darner, Executive Committee member responsible for Performance Coatings.
The completion of the transaction is subject to antitrust approval. The company expects to finalize the acquisition in Q2 2012.
Most read news
Other news from the department business & finance
These products might interest you
OCA 200 by DataPhysics
Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids
With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs
Dursan by SilcoTek
Innovative coating revolutionizes LC analysis
Stainless steel components with the performance of PEEK - inert, robust and cost-effective
Tailor-made products for specific applications by IPC Process Center
Granulates and pellets - we develop and manufacture the perfect solution for you
Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.