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Akzo Likely to Move Up the Ranks in 2008

11:34 AM MDT | September 26, 2008 | Esther D’Amico

AkzoNobel ranks 19 in this year’s Billion-Dollar Club, with nearly $15 billion in sales, but the company is likely to move up next year as it consolidates sales from its £8.1-billion ($16 billion) purchase of ICI. The ICI purchase, completed last January, generated pro forma sales of $21 billion in 2007 and solidified its position as the world’s largest paints and coatings producer. The deal also greatly increased Akzo’s North American presence. Wijers: ICI integration ahead of schedule. The ICI integration, which is expected to yield...

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