AkzoNobel to take 100 percent control of Metlac Group
(Thomson Reuters ONE) -
January 9, 2012
AkzoNobel plans to strengthen its position in packaging coatings by exercising
the right to buy the remaining shares of Metlac, an Italian based packaging
coatings producer. Financial details were not disclosed.
AkzoNobel currently is a shareholder in the Packaging Coatings Metlac Group.
This position was inherited from the acquisition of ICI in 2008. The deal
underlines the company's strong commitment to supporting the coatings and inks
market for metal packaging by securing the future of a well recognized supplier.
The combination of the two companies will bring value to its customers by
leveraging the AkzoNobel global footprint and the product range of Metlac.
"This acquisition will reinforce our customer offering and links perfectly with
the strategy to strengthen our positions in core markets", said Leif Darner,
Executive Committee member responsible for Performance Coatings.
The completion of the transaction is subject to antitrust approval. The company
expects to finalize the acquisition in Q2 2012.
- - -
Note to editors
AkzoNobel is the largest global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
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Relations, tel. +31 20 502 78 56
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1575839]
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Datum: 09.01.2012 - 08:00 Uhr
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News-ID 101927
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