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Goal is to redeploy capital towards growing its core coatings businesses.
October 4, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
AkzoNobel is conducting a strategic review of its portfolio in order to redeploy capital towards growing its core coatings businesses. The initial focus will be on its decorative paints positions in South Asia. AkzoNobel has a premium, highly profitable position in India in particular, with a strong track record of growth. Given this unique market position, the company is well-placed to participate in the further development of the highly dynamic South Asian decorative paints market, which is ripe for consolidation. The review will explore various strategic options ranging from partnerships or joint ventures through to mergers or divestments. “Our focus on enhancing our coatings businesses globally is underpinned by a strong portfolio of high-performing brands and technologies,” said AkzoNobel CEO Greg Poux-Guillaume. “This strategic review represents a key step towards focusing our portfolio on positions of differentiating scale in key coatings markets, which will help to accelerate our profitable growth.”
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