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AkzoNobel Acquires Swedish Packaging Coatings Firm

2:43 AM MDT | July 15, 2010 | Natasha Alperowicz

AkzoNobel says it has agreed to acquire the worldwide assets of Lindgens Metal Decorating Coatings and Inks (Helsinborg, Sweden), including its majority stake in Server Boya (Istanbul) joint venture. Financial terms were not disclosed. The deal will add technology and expertise to AkzoNobel's own packaging coatings activities, particularly in the market for inks printed on the outside of two-piece metal packaging, such as been cans. Akzo's packaging coatings business, formerly an ICI operation, had sales of €320 million ($404.3 million) last year. It forms...

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