IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Akzo Confirms Cost Synergies from ICI Deal

3:25 AM MST | January 8, 2008 | Kerri Walsh

Akzo Nobel CEO Hans Wijers has confirmed that the company expects cost synergies of €280 million ($411.3 million) from its purchase of ICI for £8.1 billion ($16 billion). That deal closed on January 2. Akzo Nobel now operates around three business units: decorative paints, performance coatings, and specialty...

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