AkzoNobel Set To Acquire Industrias Titan's Paints Division
Appears in Print as: 'AkzoNobel Makes Deal to Buy Titan Paints'
Dutch paint company AkzoNobel will acquire Spanish company Industrias Titan's decorative paints business, pending regulatory approvals expected by Q1 2021.
#regulation
Edited by Evan Doran
Share
Paint and coating company AkzoNobel (Reading, Pa.) is set to acquire the decorative paints business of Spain’s Industrias Titan S.A.U. (Barcelona, Spain). Completion of the deal is subject to regulatory approvals, but is expected before the end of Q1 2021.
Titan is one of Spain’s best-known brands, and also has a sizable presence in Portugal. The business shares AkzoNobel’s commitment to sustainable product innovation, with much of its portfolio recognized for environmental performance.
“The Spanish market has strong growth potential and this is an excellent opportunity for us to reinforce our position in the region,” AkzoNobel CEO Thierry Vanlancker says. “The fact that a significant part of Titan’s portfolio has been awarded the European Ecological label also offers exciting possibilities for combining our technologies and expertise, which will result in us developing better and more sustainable products.”
RELATED CONTENT
-
In-House Blackening of Ferrous and Non-Ferrous Metals
Process satisfies customers’ shipping requirements while meeting stricter water regulations in times of drought.
-
What Temperature Profiling System is Right for Me?
Today, profiling systems that are both sophisticated and easy to use can give a clear pass/fail finding, document regulatory compliance, let operators know when and where their ovens are trending out of acceptable limits or show that a process is within suppliers’ or customers’ specifications.
-
Is Your Electroplating Waste Hazardous?
Some that bears precious metals is, and there are a host of regulations to consider when recycling.
