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You are here: Home / Archives for AkzoNobel

AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC

October 1, 2018 By CollisionWeek Editor

Akzo Nobel N.V. (AKZA; AKZOY) announced today it completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($11.7 billion). The sale was originally announced last March. “Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, Carlyle Group

AkzoNobel Offers Technical College Support Program for Vehicle Refinish and Repair

September 21, 2018 By CollisionWeek Editor

AkzoNobel is now offering a Technical College Support Program to prepare and strengthen a new generation of collision repair technicians. The training program enables schools to help students develop and deepen paint-related skills to help them maximize quality, productivity and, ultimately, overall body shop profitability.  “The training program is designed to improve the marketability of […]

Filed Under: News Tagged With: AkzoNobel, Career and Technical Education

AkzoNobel Joins Automotive Management Institute as Foundation Partner

August 29, 2018 By CollisionWeek Editor

AkzoNobel announced it has become an Automotive Management Institute (AMi) Foundation Partner. AMi is a Texas-based 501(c)(3) nonprofit, tax-deductible education organization. The accreditation enables AkzoNobel to further support and promote AMi’s role in filling a critical need for training and certification in the automotive collision industry. “While AkzoNobel has always been active in providing and […]

Filed Under: News Tagged With: AkzoNobel, Automotive Management Institute

Shaver Named New CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale

August 20, 2018 By CollisionWeek Editor

Axalta CEO, who is stepping down in September, will lead business spun off to The Carlyle Group and GIC. Shaver led Axalta during transition from DuPont to Carlyle ownership and eventual public offering. As part of the strategy to separate Specialty Chemicals from its Paints and Coatings business, AkzoNobel announced in March 2018 that it […]

Filed Under: News Tagged With: AkzoNobel, Axalta Coating Systems, Carlyle Group, People

AkzoNobel Supports Collision Repair Career Outreach Effort at NACE Automechanika

August 3, 2018 By CollisionWeek Editor

AkzoNobel is a main sponsor of two events at next week’s NACE Automechanika show in Atlanta, Ga. designed to help ease the collision repair industry employee shortage. The events include the Career Connection Panel, and the I-CAR Rockin’ Rides Reception, which benefits the Collision Repair Education Foundation. “Right now, there is a critical shortage of […]

Filed Under: News Tagged With: AkzoNobel, Atlanta, Collision Repair Education Foundation, I-CAR, NACE Automechanika

AkzoNobel’s Dave Smith Passes Away

June 6, 2018 By CollisionWeek Editor

AkzoNobel announced that Dave Smith, Regional Sales Leader for the U.S. East Market, passed away May 28. In a statement, the paint system manufacturer said: It is with great sadness that AkzoNobel announces the death of our dear friend and colleague, Dave Smith, who passed away on May 28, 2018. Dave was much respected by […]

Filed Under: News Tagged With: AkzoNobel, Obituary

AkzoNobel and Mercedes-Benz China Announce Supplier Agreement

May 1, 2018 By CollisionWeek Editor

AkzoNobel has become the recommended supplier of automotive refinishes for Mercedes-Benz China, the country’s leading luxury auto brand. The agreement means the company has become a certified supplier of vehicle refinishes to more than 50 auto companies in China over the last 20 years. “Becoming the recommended supplier of automotive refinishes for Mercedes-Benz China shows […]

Filed Under: News Tagged With: Agreements Signed, AkzoNobel, Approvals, China, Mercedes-Benz

AkzoNobel Sells it Specialty Chemicals The Carlyle Group and GIC for $12.5 Billion

March 27, 2018 By CollisionWeek Editor

AkzoNobel today announced the sale of its Specialty Chemicals business to private equity firm The Carlyle Group and GIC Pte. Ltd., Singapore’s sovereign-wealth fund, for €10.1 billion ($12.5 billion). The sale, part of the plan announced last spring, to split the company into two units with one focusing on Paints and Coatings, and the other Specialty […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, Carlyle Group

Axalta and Nippon Paint End Acquisition Talks

December 1, 2017 By CollisionWeek Editor

Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, Axalta Coating Systems, Nippon Paint

AkzoNobel Shareholders Approve Separation of Specialty Chemicals Business

November 30, 2017 By CollisionWeek Editor

Akzo Nobel N.V. (OTCMKTS:AKZOY) shareholders today approved the separation of its Specialty Chemicals business as part of its strategy to create two focused, high performing businesses; Paints and Coatings and Specialty Chemicals. The approval came during its Extraordinary General Meeting (EGM) held today. AkzoNobel intends to return the vast majority of the net proceeds from […]

Filed Under: News Tagged With: AkzoNobel

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