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AkzoNobel to divest paints stores in Germany

1:09 PM MDT | June 28, 2013

AkzoNobel says it intends to sell its decorative paints stores in Germany to independent wholesale distributors. The company operates 72 stores in Germany, selling professional paint and third-party products, and the decorative paints organization employs about 950 people in the country. The divestment is intended to strengthen the performance of the company’s decorative paints business in Germany by focusing its activities on the distribution and marketing of paint under brands such as Sikkens, Herbol, and Consolan, AkzoNobel says. “We are changing the...

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