AkzoNobel to take 100 percent control of Metlac Group
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian-based packaging coatings producer. AkzoNobel currently is a shareholder in Metlac. This position was inherited from the acquisition of ICI in 2008. The company expects to finalize the acquisition in Q2 2012.