Industrial coatings firm to be swallowed by Dutch giant

NETHERLANDS-based AkzoNobel has made an agreed offer for BASF’s Industrial Coatings business for €475m (£372m).

The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide.

Two manufacturing plants - one in Deeside and one in South Africa - would also be transferred to AkzoNobel.

The business generated revenue of about €300m (£235m) in 2015 and supplies products for a number of end uses, including coil, furniture foil and ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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