# 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.

- Type: Acquisition
- Announced: 2018-12-06
- Where: Porriño, Spain
- Jobs: 100
- Status: completed
- Products: decorative paints, woodcare coatings, metal care coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)
- [Xylazel](https://endata.com/companies/35934.md) (target)
- [Pharma Mar](https://endata.com/companies/35935.md) (partner)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/akzo-nobel-and-ppg-industries-strengthen-their-businesses-with-minor-acquisitions/), 2018-12-06: "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."

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