AkzoNobel, a Dutch multinational company, completed the acquisition of Grupo Orbis, a Colombia-based paints and coatings company. Financial terms were not disclosed. "This is an excellent intended acquisition which aligns perfectly with our Grow & Deliver strategy of creating leading global positions and driving growth in emerging markets. It will expand our long-term position across South America by establishing us as a frontrunner in the Andean region and in Central America, where several countries are high on the global growth rankings for the next decade," Thierry Vanlancker, AkzoNobel CEO.