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AkzoNobel has today completed its acquisition of more than 95 percent of the shares of coatings manufacturer Schramm Holding AG. The deal was first announced in June of this year.
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Akzo Nobel NV (AkzoNobel) signed a new, €1.8 billion five year multi-currency syndicated revolving credit facility to refinance its existing €1.5 billion facility.
In line with the company’s growth ambition and the recent announcement to drive global performance improvement measures, AkzoNobel has announced country leadership and several business unit appointments.
AkzoNobel plans to further strengthen its leadership position in specialty surfactants while enhancing its manufacturing footprint in Asia by acquiring Boxing Oleochemicals. Boxing is the leading supplier of nitrile amines and derivatives in China and throughout Asia.
Akzo Nobel N.V. (AkzoNobel) today announced revenue growth of 5 percent for the second quarter of 2011, driven by volume and price. While the overall top-line development has remained strong, the demand pattern has been volatile during the quarter, particularly in the mature markets. High growth markets have continued to perform strongly overall.
AkzoNobel, the world’s largest paint and coatings company, today announced plans to build a world class, hi-tech manufacturing facility in the north-east of England, reinforcing its strategic commitment to accelerated and sustainable growth.
AkzoNobel has boosted its technology portfolio in sustainable chemistry after agreeing to acquire from Integrated Botanical Technologies (IBT) its patented Zeta Fraction™ technology, which is transforming how plant-based chemistry is used. Financial details were not disclosed.
AkzoNobel has announced its intention to acquire coatings manufacturer Schramm Holding AG and the coatings activities operated by Schramm's largest shareholder, Korean company SSCP. The deal will enable AkzoNobel to strengthen its global leadership position in specialty plastic coatings and is expected to close in the second half of the year.
As part of its ongoing communications with its key stakeholders, Akzo Nobel N.V. (“AkzoNobel”) today provides a trading update.
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