AkzoNobel completes National Starch divestment
(Thomson Reuters ONE) -
October 1, 2010
AkzoNobel has today finalized the $1.3bn sale of its National Starch business to
Corn Products International. The transaction was announced on June 21, 2010.
National Starch was taken over by AkzoNobel as part of its acquisition of ICI in
2008, but did not offer sufficient opportunity to create value within the
company's transformed portfolio.
"I'm pleased that we have secured a highly respected new owner for the business,
which now enables us to put more energy and focus into our growth strategy which
we announced earlier this week," said AkzoNobel CEO Hans Wijers.
Headquartered in Westchester, Illinois, in the US, Corn Products International
is one of the world's largest suppliers of high quality food ingredients and
industrial products derived from the wet milling and processing of starch-based
materials.
- - -
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).
Not for publication - for more information
Corporate Media Relations Corporate Investor Relations
Tel. +31 20 502 7833 Tel. +31 20 502 7854
Contact: Tim van der Zanden Contacts: Huib Wurfbain and Ivar Smits
[HUG#1448302]
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1448302/390635.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Akzo Nobel NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.10.2010 - 12:15 Uhr
Sprache: Deutsch
News-ID 43723
Anzahl Zeichen: 0
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AkzoNobel completes National Starch divestment"
steht unter der journalistisch-redaktionellen Verantwortung von
Akzo Nobel NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
