October 1, 2013
AkzoNobel has finalized the €260 million divestment of its Building Adhesives business to Sika AG. The deal was announced on August 8, 2013.
Under the terms of the deal, all of Building Adhesives` approximately 550 employees have transferred to the new owners, along with the business` two manufacturing facilities in Rosendahl (Germany) and Damville (France) and its products and brands.
The sale of Building Adhesives is in line with the strategic review of the business` fit within AkzoNobel`s portfolio, whereby the focus of the Decorative Paints business is on the strong strategic paints positions we have in Europe and the growth markets of Asia and South America.
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AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast-changing world.
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Contact: Marc Michelsen Contact: Jonathan Atack, Sheryl Stokes
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AkzoNobel press release
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- Sika AG