AkzoNobel Sells U.K. Paints to Private Equity Firm

AkzoNobel says it has agreed to sell its Crown Paints decorative paints business in the U.K. and Ireland to private equity firm Endless Investments (Leeds, U.K.). Akzo has also agreed to sell two Belgian paint brands to Rieu Investissements (Bondoufle, France), a producer of coatings. Akzo was required to sell the assets as a condition of the European Union antitrust authorities’ approval of the company’s takeover of ICI in January 2008. The Crown Paints transaction includes manufacturing and warehouse sites at Belfast, Darwen, Hull, and Warrington...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers