AkzoNobel today has made an agreed offer to acquire BASF’s Industrial Coatings business for €475 million ($528.2 million).
The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants, one in Deeside, England, and one in Vanderbijlpark, South Africa. would also be transferred to AkzoNobel. The business generated revenue of about €300 million ($333.6 million) in 2015 and supplies products for a number of end uses, including coil, furniture foil and panel coatings, wind energy and general industry, and commercial transport.
“This proposed acquisition will strengthen our position in the important coil
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