AkzoNobel has now completed the acquisition of BASF’s Industrial Coatings business for €475 million.
The transaction includes technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants – one in the UK and one in South Africa – have also been transferred to AkzoNobel. This business supplies products for a number of end uses, including coil, furniture foil and panel coatings, wind energy and general industrial coatings as well as commercial transport. The acquired businesses will strengthen the AkzoNobel Performance Coatings business further in these key markets, where we are now able to offer an even stronger portfolio of essential solutions to our expanded customer base.
We are also pleased to welcome the 400 BASF employees, as well as the thousands of new customers to the AkzoNobel family.
We are dedicated to ensure that our customers can benefit from business as usual without disruptions. If you have any questions or wish to know more, please get in touch with your usual point of contact.
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