AkzoNobel to be the primary paint supplier to Walmart
(Thomson Reuters ONE) -
September 1, 2010
AkzoNobel - the world's largest coatings company - today announced it has been
selected by Walmart to be the primary paint supplier for the retailer's US
stores.
The company will develop and manufacture a portfolio of interior and exterior
paints for more than 3,500 Walmart stores nationwide. This agreement builds on
the existing relationship with Walmart, the world's largest retailer, for paints
in Puerto Rico and Canada, and with Liquid Nails(®) adhesives in the United
States.
"This is an excellent opportunity for us to work with Walmart and offer their
customers an exciting new in-store program," said Tex Gunning, the AkzoNobel
Board member responsible for Decorative Paints. "This is a landmark deal which
will significantly boost our market share in the US and contribute to further
enhancing the value of our Glidden(TM) brand there."
Walmart will begin the transition to AkzoNobel early next year.
AkzoNobel Decorative Paints in the Americas (Canada, US and Latin America)
currently employs around 7,200 people and generates revenue of close to ?1.5
billion. It operates eight paint manufacturing and distribution sites in the US
and a global research and development center in Strongsville, Ohio. The
portfolio consists of architectural coatings and wood care products, as well as
adhesives and caulks.
- - -
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 on the Dow Jones Sustainability Indexes. 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).
Note to editors - not for publication
Corporate Media Relations Corporate Investor Relations
Tel. +31 20 502 7833 Tel. +31 20 502 7856
Contact: Tim van der Zanden Contact: Huib Wurbain and Ivar
Smits
[HUG#1441724]
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1441724/386110.pdf
Fact sheet AkzoNobel US operational footprint:
http://hugin.info/130660/R/1441724/386039.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 40808
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contact information:
Town:
Amsterdam
Kategorie:
Business News
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