AkzoNobel acquires minority shareholding in coil coatings JV
AkzoNobel has acquired Nippon Paint's 25 percent minority shareholding in their joint venture company in Europe, Akzo Nobel Nippon Paint Holding B.V.
The former 75/25 joint venture - which was first established in 1993 between Courtaulds and Nippon Paint - involved the manufacture and sale of coil coatings in the greater European region.
The transaction will take AkzoNobel's shareholding in the company to 100 percent and will allow the merger of the company and its subsidiaries into the AkzoNobel group.
Financial details were not disclosed.
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.