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AkzoNobel to divest decorative paints stores in Germany

June 26, 2013 | Deepti Ramesh

AkzoNobel says it intends to divest its decorative paints stores in Germany to independent wholesale distributors. The company currently operates 72 German stores selling professional paint and third-party products, and the decorative paints organization employs around 950 people in Germany. The move is aimed at strengthening the performance of the company’s German decorative paints business by focusing its activities on the distribution and marketing of paint under brands such as Sikkens, Herbol, and Consolan, AkzoNobel says. “We are changing...

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