Akzo Nobel acquires Xylazel to strengthen decorative paints in Spain

Akzo Nobel bought Xylazel, a subsidiary of Pharma Mar, to become leader in the Spanish decorative paints and woodcare market. Xylazel employs about 100 people and operates a production facility in Porriño, with FY2017 revenue of approximately EUR 20 million.

“By acquiring Xylazel, we will be able to further grow our business in the region and strengthen our position as the leading paints and coatings company in Europe.”european-coatings.com

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• european-coatings.comAkzo Nobel and PPG Industries strengthen their businesses with minor acquisitions - European CoatingsDec 6, 2018

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