# Akzo Nobel and Neuce complete acquisition of Titanlux and Titan Powder Coatings

Akzo Nobel N.V. and Neuce - Indústria de Tintas completed the acquisition of the Titanlux and Titan Powder Coatings divisions from Industrias Titan for approximately €130 million. Akzo Nobel acquired Titanlux, while Neuce acquired Titan Powder Coatings.

- Type: Acquisition
- Announced: 2021-03-02
- Where: Spain
- Value: $156.0M (130.0M EUR)
- Status: completed
- Products: paints, powder coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)
- [Neuce - Indústria de Tintas](https://endata.com/companies/53562.md) (acquirer)
- [Industrias Titan](https://endata.com/companies/53563.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AKZO-NOBEL-N-V-52889987/news/Akzo-Nobel-N-V-and-Neuce-IndUstria-De-Tintas-S-A-completed-the-acquisition-of-Titanlux-and-Tita-33495904/), 2021-03-01: "The purchase price was not made public but it is close to €130 million."

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