AkzoNobel completed the acquisition of Industrias Titán from Factories Folch.

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.