2013-10-01 18:03:01 -
October 1, 2013
AkzoNobel has finalized the €260 million divestment of its Building Adhesives
business to Sika AG. The deal was announced on August 8, 2013.
Under the terms of the deal, all of Building Adhesives' approximately 550
employees have transferred to the new owners, along with the business' two
manufacturing facilities in Rosendahl (Germany) and Damville (France) and its
products and brands.
The sale of Building Adhesives is in line with the strategic review of the
business' fit within AkzoNobel's portfolio, whereby the focus of the Decorative
Paints business is on the strong strategic paints positions we have in Europe
and the growth markets of Asia and South America.
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AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
and are passionate about developing sustainable answers for
our customers. Our portfolio includes well-known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are
consistently ranked as one of the leaders in the area of sustainability. With
operations in more than 80 countries, our 50,000 people around the world are
committed to delivering leading products and technologies to meet the growing
demands of our fast-changing world.
Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor
Relations, tel. +31 20 502 7854
Jonathan Atack, Sheryl Stokes
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should be carefully considered, and it should be understood that many factors
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