Announced
Completed
Financials
Sources
Tags
Domestic
Spain
Single Bidder
Paints and Coatings
Majority
paint manufacturing
Friendly
Acquisition
Private
Completed
Synopsis
AkzoNobel, a Portuguese powder paint firm, completed the acquisition of Industrias Titán, which provides chemical products, from Factories Folch, the largest steel pin maker in Europe. Financial terms were not disclosed. “The Spanish market has strong growth potential and this is an excellent opportunity for us to reinforce our position in the region. The acquisition will enable us to better serve our customers and provides added momentum, while also offering further proof of us being the reference in paints and coatings in Europe," Thierry Vanlancker, AkzoNobel CEO.
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