Paint & Coatings Manufacturer News

ICI Sells Wood FINISHES Business in Germany

September 19, 2005

Akzo Nobel has acquired ICI Group’s Zweihorn Gmbh, a maker of industrial wood finishes for the professional joinery sector with sales of approximately €18 million in 2004.
Akzo Nobel will acquire all shares of Zweihorn, which has 55 employees and is based in Hilden, Germany. Financial terms have not been disclosed.
“Zweihorn’s clients and products are a good addition and form a perfect fit with our existing customers and wood care portfolio,” said Leif Abildgaard, general manager of Akzo Nobel’s  Decorative Coatings Europe business.