News
AkzoNobel to take 100% control of Metlac Group
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer.
Financial details were not disclosed.
AkzoNobel currently is a shareholder in the Packaging Coatings Metlac Group. This position was inherited from the acquisition of ICI in 2008. The deal underlines the company’s strong commitment to supporting the coatings and inks market for metal packaging by securing the future of a well recognised supplier.
The combination of the two companies will bring value to its customers by leveraging the AkzoNobel global footprint and the product range of Metlac, the company said.
Leif Darner, executive committee member responsible for Performance Coatings, said: “This acquisition will reinforce our customer offering and links perfectly with the strategy to strengthen our positions in core markets.”
The completion of the transaction is subject to antitrust approval. The company expects to finalise the acquisition in Q2 2012.
Source: AkzoNobel
- If you enjoyed this article, you may also like this: FPS and Heat and Control partner for coating technology
See also
Latest news
| |
Your comments (0)
Add your comment
Please login or register to post comments.