# PPG withdraws proposal to acquire Akzo Nobel

PPG Industries has withdrawn its proposal to combine with Akzo Nobel and will not pursue a public offer for all shares of Akzo Nobel, ending its acquisition attempt.

- Type: Acquisition
- Announced: 2017-06-02
- Where: Queretaro, Mexico, Mexico
- Value: $2.85M (2.50M EUR)
- Jobs: 200
- Status: cancelled
- Capacity: 15 million square meters per year
- Products: paints, coatings, specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PPG Industries](https://endata.com/companies/1219.md)
- [PPG](https://endata.com/companies/1215.md) (partner)
- [PPG Industries](https://endata.com/companies/1219.md) (acquirer)
- [Plaka](https://endata.com/companies/21152.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (target)
- [Knauf International GmbH](https://endata.com/companies/23643.md) (acquirer)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/ppg-ends-quest-to-acquire-akzo-nobel/), 2017-06-02: "PPG has withdrawn its proposal to combine with Akzo Nobel and will not pursue a public offer for all the issued and outstanding shares of Akzo Nobel."
- [investing.com](https://www.investing.com/analysis/ppg-closes-plaka-plasterboard-business-sale-to-knauf-200193216), 2017-06-05: "PPG Industries has wrapped up the sale of the assets of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH."
- [prnewswire.com](https://www.prnewswire.com/news-releases/knauf-prosigue-expansion-latinoamericana-con-adquisicion-en-mexico-632928643.html), 2017-07-06: "Es una oportunidad extraordinaria para nosotros ser parte de la industria mexicana de materiales para la construcción."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.