Markets :: Specialty Chemicals :: Paints and Coatings
AkzoNobel Divests Non-stick Coatings Business to Whitford
3:48 AM MST | January 16, 2009 | Natasha Alperowicz
AkzoNobel says it has agreed to sell its non-stick coatings business to privately owned fluoropolymer coatings maker Whitford Worldwide (Elverson, PA). Financial details were not disclosed. The deal involves the sale of AkzoNobel's global cookware and bakeware activities with operations in the U.S., China, India, Brazil, and Italy. AkzoNobel's non-stick coatings business empolys about 140 people. Details on how many will transfer with the sale are still being discussed, AkzoNobel says. The transaction is expected to be completed in the first quarter of this year...
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