European Coatings Journal - 18.07.2022 | INDUSTRY NEWS

MARKET MOVES

Paints and coatings Akzo Nobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around EUR 280 million. The intended acquisition includes interior and exterior paints as well as automotive and protective coatings, and coatings for wood and coil. The completion of the acquisition, which is subject to regulatory approvals, is expected during the course of 2023. ...
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