Akzo Nobel to Acquire V.Powdertech Business in Thailand
27 November 2017 - 6:46PM
Dow Jones News
By Oliver Griffin
Akzo Nobel NV (AKZA.AE) said Monday that it is acquiring
V.Powdertech Co. Ltd., a Thai manufacturer of powder coatings, for
an undisclosed amount.
The Netherlands-based paint and chemicals company said that the
acquisition will bring in new technology and services that
complement its global-technology portfolio and business.
The deal includes all relevant technologies, patents and
trademarks, Akzo Nobel said, as well as V.Powdertech's
manufacturing plant.
The Thai company's employees will also be joining Akzo
Nobel.
Akzo Nobel said that it expects the transaction to be completed
in the coming weeks.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
November 27, 2017 02:31 ET (07:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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