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AkzoNobel Acquires Adhesives Business

8:49 AM MDT | May 4, 2009

AkzoNobel says it has acquired the wood adhesives business of Kronochem, a subsidiary of Kronospan (Wrexham, U.K.). The transaction includes a long-term tolling agreement under which Kronochem will produce wood adhesives for Casco Adhesives, the wood adhesives subsidiary of AkzoNobel. The acquired business manufactures in Bulgaria, Czech Republic, Romania, and Slovakia and makes products for the furniture industry. Kronospan already carries out toll manufacturing for AkzoNobel in Russia and China, AkzoNobel says. Kronospan is the world’s biggest producer of...

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