AkzoNobel to strengthen performance coatings business with intended acquisition of BASF's Industrial Coatings business

摘要

AKZONOBEL has made an agreed offer to acquire BASF's Industrial Coatings business for ?475 million. The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants -one in the UK and one in South Africa -would also be transferred to AkzoNobel. The business generated revenue of about ?300 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.