AkzoNobel (www.Akzonobel.com) has acquired Nippon Paint’s 25% minority shareholding in their joint-venture (JV) company in Europe, Akzo Nobel Nippon Paint Holding B.V. The former 75/25 JV — which was first established in 1993 between Courtaulds and Nippon Paint — involved the manufacture and sale of coil coatings in the greater European region. The transaction will take AkzoNobel’s shareholding in the company to 100% and will allow the merger of the company and its subsidiaries into the AkzoNobel group. Financial details were not disclosed.
AkzoNobel acquires minority shareholding in coil coatings JV
| By Dorothy Lozowski