Akzo Nobel to acquire the African paints and coatings activities from Kansai Paint for $450m.

Akzo Nobel, a coatings company, agreed to acquire the African paints and coatings activities from Kansai Paint, a firm that manufactures and sells a variety of coatings and paint products, for $450m. “Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth. Kansai Paint shares our commitment to innovation and sustainability, and we look forward to combining our expertise, which will result in a wider range of innovative products and more sustainable solutions for our customers," Thierry Vanlancker, AkzoNobel CEO.