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AkzoNobel has completed the acquisition of 100% of the shares of the decorative paints business of Industrias Titan S.A.U. (Titan Paints) in Spain, including three production plants and seven logistics centers. The business generated approximately €80 million in revenue.
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.