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AkzoNobel acquires Kansai Paints African paints and coatings business

 Last Update: 2022-10-31
 Source: Internet
 Author: User

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On June 1, AkzoNobel announced that it had reached an agreement with Kansai Paints to acquire its paints and coatings business in Africa, which is expected to be completed in 2023
.

Kansai Paints operates in 12 countries in Africa, with a combined regional revenue of approximately EUR 280 million, and the transaction includes the Plascon brand, which has a history of more than 100 years in South Africa
.
Expected acquisitions also include automotive and protective coatings, wood and coil coatings
.

AkzoNobel said the acquisition of Kansai Paint's business in the region will help further expand its paints and coatings business in Africa and provide a strong platform for future growth
.

In the last two years, AkzoNobel has made a series of acquisitions in paints and coatings, including Titan Paints in Spain and Portugal, New Nautical Coatings in the US and Grupo Orbis in Latin America
.

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