Akzo Buys Specialties Units; Profits Fall on Weak U.S. Coatings Market

AkzoNobel says it has signed separate agreements to acquire a silica sol business in Germany and organic peroxide plants in China. Financial terms of the deals were not disclosed. Akzo, meanwhile, reported a decline in first-quarter earnings. Akzo says that its Eka Chemicals pulp and paper chemical business plans to buy H.C. Starck’s silica sol unit Levasil (Leverkusen). Levasil supplies silica sol as a raw material mainly to European paper, electronics, and construction companies. Levasil produces about 30,000 m.t./year of silica sol at Leverkusen, Akzo...

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