AkzoNobel buys Thai powder coating business
Published: Monday, 27 November 2017
In the wake of failed tie-up with Axelta, Akzo snaps up Thai powder business.
Dutch paintmaker AkzoNobel will buy Thai
powder coatings company V.Powdertech, part of a wave of mergers
and acquisitions that is hitting an industry balancing rising
coating demand with increased prices of titanium dioxide, its
main raw material cost.
AkzoNobel is the world’s third-largest coatings
maker, with sales of €9.5 billion...