media release

Akzo Nobel acquires major French car paints distributor

Press Release Akzo Nobel has strengthened its position in the French car refinishes market with the acquisition of major paint distributor Jouanne S.A.

Arnhem, the Netherlands, August 22, 2002 – Akzo Nobel has strengthened its position in the French car refinishes market with the acquisition of major paint distributor JouanneS.A. The French company specializes in the sale of refinishing paints and paint systems for commercial vehicles, and is the biggest of the 60distributors that currently sell Sikkens car refinishes paint in France. Jouanne, which is mainly active in the North West of France, had an annual turnover of EUR7.5million in 2001.

“Our aim in car refinishes is to build strong independent distribution networks, supported by our own branches in key markets,” said RudyvanderMeer, Member of AkzoNobel’s Board of Management responsible for Coatings. “This acquisition will make an important contribution towards strengthening our distribution capability in France, which we see as one of our main strategic markets in Western Europe.”

Cor de Grauw, General Manager of AkzoNobel’s business unit CarRefinishes added: “This takeover represents a valuable acquisition for our company and leaves us ideally placed to reinforce our position as a major refinishes player in the region. Moreover, it enables us to continue the high level of service to which our customers have become accustomed.”

The French company, headquartered in Caen, will continue to trade under the name JouanneS.A. AkzoNobel has also acquired Jouanne’s LeHavre-based subsidiary, SIPS.A. All 45employees will transfer to AkzoNobel.

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