Akzo Nobel to acquire ICI's German industrial wood finishes business
Akzo Nobel is to boost its coatings activities in Germany with the acquisition of the ICI Group's wood finishes business Zweihorn Gmbh, which is based in Hilden. The two companies have reached an agreement for Akzo Nobel to acquire all shares in Zweihorn, which has 55 employees and recorded a 2004 turnover of approximately EUR 18 million. Financial terms have not been disclosed.
Zweihorn, which focuses mainly on the German market, is active in the development, marketing and sales of industrial interior wood finishes for the professional joinery sector. Completion of the deal is subject to receipt of the appropriate regulatory approval, while employee unions and representative bodies have been informed and consultation procedures will also take place where applicable.
Other news from the department business & finance
These products might interest you
Dursan by SilcoTek
Innovative coating revolutionizes LC analysis
Stainless steel components with the performance of PEEK - inert, robust and cost-effective
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
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.
