People & Business :: Companies
Fresh Coat of Paint Deals on the Way?
12:25 PM MDT | July 27, 2007 | Kerri Walsh
Analysts say they expect a round of consolidation within the paints and coatings sector in the near future, following Akzo Nobel’s agreement earlier this month to sell its pharmaceuticals business to Schering Plough. That deal intensified rumors that the divestment will give Akzo enough cash to buy a paints and coatings company (CW, March 21, p. 21). Speculation has also begun that other producers, including PPG Industries, are gearing up for more coatings M&A, analysts say. A recent Deutsche Bank Securities (New York) report says that PPG could raise...
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