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Paints & Coatings: M&A Stirs Up Market
1:34 PM MDT | October 3, 2007 | Kate Phillips
Akzo Nobel’s planned £8.1-billion ($16.1 billion) acquisition of ICI has created a shakeup in the paints and coatings industry, in which the 11-largest companies currently command 53% of the $76-billion global market. The acquisition will significantly expand Akzo’s footprint into high-growth regions and further widen the gap in market share between Akzo, the global leader, and its rivals. Those rivals, in particular, face new challenges involving how to remain competitive when consolidation is drying up the once-sizable pool of acquisition...
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