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Akzo Nobel N.V. (AKZA; AKZOY) has today completed the acquisition of 100% of the shares of Fabryo Corporation S.R.L. (Fabryo), becoming the leader in the Romanian decorative paints market.
The transaction includes two production facilities and six distribution centers for decorative paints, adhesives and mortars, including one of the largest decorative paints factories in the region, with capacity for further expansion.
The business generated revenue of around €45 million in 2017 and includes the key brands Savana, APLA and InnenWeiss.