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).
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[HUG#1448302]
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Source: Akzo Nobel NV via Thomson Reuters ONE
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Datum: 01.10.2010 - 12:15 Uhr
Sprache: Deutsch
News-ID 43723
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