AkzoNobel to divest Building Adhesives business to Sika
The transaction, which is expected to be completed in the fourth quarter of this year subject to regular consultation with employee representatives, will see all of Building Adhesives’ approximately 550 employees as well as its two manufacturing facilities in Rosendahl and Damville and its products and brands transfer to Swiss-based Sika AG.
The intended sale of Building Adhesives follows a strategic review of the business’ fit within AkzoNobel’s portfolio.
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