AkzoNobel today has made an agreed offer to acquire BASF's Industrial Coatings business for €475 million.
The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants - one in the UK and one in South Africa - would also be transferred to AkzoNobel. The business generated revenue of about €300 million in 2015 and supplies products for a number of end uses, including coil, furniture foil and panel coatings, wind energy and general industry, and commercial transport.
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