Coatings World staff10.19.20
AkzoNobel agreed to acquire the decorative paints business of Spain’s Industrias Titan S.A.U.
Completion is subject to regulatory approvals and expected before the end of Q1 2021.
“The Spanish market has strong growth potential and this is an excellent opportunity for us to reinforce our position in the region,” AkzoNobel CEO Thierry Vanlancker said. “The acquisition will enable us to better serve our customers and provide added momentum, while also offering further proof of us being the reference in paints and coatings in Europe.
“The fact that a significant part of Titan’s portfolio has been awarded the European Ecological label also offers exciting possibilities for combining our technologies and expertise, which will result in us developing better and more sustainable products.”
