Akzo Nobel

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.

SES Engineering Services was appointed to deliver a new £10.7m cryogenic facility, warehouse, and protective coatings laboratory for Akzo Nobel at its Gateshead site, with work starting in October 2018.

AkzoNobel has completed the sale of its specialty chemical business to private equity firm Carlyle Group and GIC for $11.6 billion.

Akzo Nobel bought 100% of Fabryo Corporation, based in Romania, which employs about 400 people. The transaction closed in early October 2018 and includes two production facilities and six distribution centers.

Akzo Nobel acquired V.Powdertech Co., Ltd., a powder coatings company in Thailand.

Akzo Nobel has agreed to acquire 100% of Fabryo Corporation S.R.L., a Romanian decorative paints manufacturer with two production facilities and six distribution centers, for an undisclosed amount. The business generated revenue of around EUR 45 million in 2017.

AkzoNobel and Axalta have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings leader with an enterprise value of $25 billion. The combined company will have dual headquarters in Amsterdam and Philadelphia.

AkzoNobel announced the sale of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion. The transaction is expected to close before the end of 2018.

Lanxess, together with private equity firm Apollo, is bidding for parts of Akzo Nobel's specialty chemicals division, valued at EUR 8-12 billion. Other consortia are also bidding.

Nippon Paint Holdings made an all-cash offer to acquire Axalta Coating Systems, after merger talks between Axalta and Akzo Nobel ended without agreement.

Dutch paints and coatings company Akzo Nobel has approached U.S. rival Axalta Coating Systems to discuss a possible merger that would create a global coatings giant. The talks are in early stages and there is no certainty a deal will be reached.

SES Engineering Services secured a £3 million contract to work on the Akzo Nobel research centre in Gateshead, UK, including a cryogenic facility, warehouse, and laboratory refurbishment.

Akzo Nobel NV is acquiring UK-based Flexcrete Technologies Ltd. and French manufacturer Disa Technology (Disatech) to strengthen its coatings business. Financial details were not disclosed.

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.

Akzo Nobel rejected an unsolicited, non-binding proposal from PPG Industries to acquire the company for €83.00 per share, valuing Akzo at €20.9 billion. Akzo Nobel also announced it is considering spinning off its specialty chemicals unit.