AkzoNobel acquires Colourland Coatings business
Abstract: AkzoNobel (AN) recently announced the acquisition of Malaysian paint and coatings manufacturer Coloural Coatings to strengthen its presence in Asia, but did not disclose financial terms.
AkzoNobel (AN) recently announced that it has acquired the Colourand coatings business of Malaysian paint and coatings manufacturer to strengthen its presence in Asia but has not disclosed its financial terms.
According to reports, the transaction includes all relevant technologies, patents, trademarks and assets of Colourland. Colourland is headquartered in Johor Bahru, Malaysia, with an annual turnover of more than 80 million Malaysian Ringgit (approximately US$19 million).
Speaking of the acquisition, Akzo Nobel CEO Fan Dirui said: “We are honored to integrate the famous brand and expertise of Colourland Coatings into our business and look forward to releasing it as we accelerate our win-win situation. The value brought by it increases the footprint in this fast-growing region."
-
Global Peanut Markets Face Volatility Amid Weather Woes and Shifting Trade Dynamics15
-
Global Oil Markets Surge Amid Escalating Middle East Tensions48
-
Wuhan Optics Valley leadership visits IBI Yangtze River Delta Digital Economy Headquarters21
-
UnionLink Cross-Border Intelligent Transport and UPS Sign Strategic Cooperation Agreement to Build a New Ecosystem for "Digital-Physical Integration" Cross-Border Services21
-
The Director of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce, Zhao Chunfeng, and his delegation visited IBI.25
