AkzoNobel completes sale of Building Adhesives business to Sika AG
(Thomson Reuters ONE) -
October 1, 2013
AkzoNobel has finalized the ?260 million divestment of its Building Adhesives
business to Sika AG. The deal was announced on August 8, 2013.
Under the terms of the deal, all of Building Adhesives' approximately 550
employees have transferred to the new owners, along with the business' two
manufacturing facilities in Rosendahl (Germany) and Damville (France) and its
products and brands.
The sale of Building Adhesives is in line with the strategic review of the
business' fit within AkzoNobel's portfolio, whereby the focus of the Decorative
Paints business is on the strong strategic paints positions we have in Europe
and the growth markets of Asia and South America.
- - -
AkzoNobel is a leading 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
consistently ranked as one of the leaders in the area of sustainability. With
operations in more than 80 countries, our 50,000 people around the world are
committed to delivering leading products and technologies to meet the growing
demands of our fast-changing world.
Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor
Relations, tel. +31 20 502 7854
Contact: Marc Michelsen Contact:
Jonathan Atack, Sheryl Stokes
Safe Harbor Statement
This press release contains statements which address such key issues as
AkzoNobel's growth strategy, future financial results, market positions, product
development, products in the pipeline, and product approvals. Such statements
should be carefully considered, and it should be understood that many factors
could cause forecasted and actual results to differ from these statements. These
factors include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs, pensions,
physical and environmental risks, legal issues, and legislative, fiscal, and
other regulatory measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external agencies.
For a more comprehensive discussion of the risk factors affecting our business
please see our latest Annual Report, a copy of which can be found on the
company's corporate website www.akzonobel.com.
AkzoNobel press release:
http://hugin.info/130660/R/1732487/579850.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1732487]
Unternehmensinformation / Kurzprofil:
Datum: 01.10.2013 - 17:59 Uhr
Sprache: Deutsch
News-ID 301866
Anzahl Zeichen: 3560
contact information:
Town:
Amsterdam
Kategorie:
Business News
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