Akzo Nobel to buy BASF coatings
The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide.
AkzoNobel has made an agreed offer to acquire BASF’s Industrial Coatings business for $530 million, or €475 million. The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide.
Two manufacturing plants – one in the UK and one in South Africa – would also be transferred to AkzoNobel. The business generated revenue of about €300 million in 2015 and supplies products for a number of end uses, including coil, furniture foil and panel coatings, wind energy and general industry, and commercial transport.
“This proposed acquisition will strengthen our position in the important coil coatings market and fits well with our existing business, allowing us to offer essential solutions to our customers,” said AkzoNobel CEO Ton Büchner. “We are continuing to deliver on our strategy to achieve our vision of leading market positions delivering leading performance.”
The planned transaction is expected to be completed in the second half of 2016, subject to regular consultation with employee representatives and satisfaction of certain closing conditions, including receipt of required regulatory approval.
Related Content
-
Ultrafiltration Membranes, Filter Elements for Improved Industrial Water Reuse
Ultrafiltration membranes help with water reuse in a variety of applications.
-
NASF/AESF Foundation Research Project #121: Development of a Sustainability Metrics System and a Technical Solution Method for Sustainable Metal Finishing - 15th Quarterly Report
This NASF-AESF Foundation research project report covers the twelfth quarter of project work (October-December 2023) at Wayne State University in Detroit. In this period, our main effort focused on the development of a set of Digital Twins (DTs) using the Physics-Informed Neural Network (PINN) technology with application on parts rinsing simulation.
-
NASF/AESF Foundation Research Project #122: Electrochemical Approaches to Treatment of PFAS in Plating Wastewater - 7th Quarterly Report
The NASF-AESF Foundation Research Board has selected a project on addressing the problem of PFAS and related chemicals in plating wastewater streams, studying PFAS destruction via electrooxidation and electrocoagulation. Our last report described the results from experiments of EO with a Magnéli phase Ti4O7 anode on the degradation of eight perfluoroalkyl acids (PFAAs). In this seven quarter report, we describe work to further explore how the degradation of different PFAAs are related to their molecular structures.