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Akzo Nobel N.V. — M&A Activity 2012
Jan 9, 2012
3806_iss_2012-01-09_cf3fe008-5b9a-4273-a23d-5754eac09bae.pdf
M&A Activity
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Akzo Nobel N.V. Corporate Communications Strawinskylaan 2555 P.O.Box 75730 1070 AS Amsterdam The Netherlands
T +31 20 502 7833 F +31 20 502 7604 www.akzonobel.com
Press release
January 9, 2012
AkzoNobel to take 100 percent control of Metlac Group
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. Financial details were not disclosed.
AkzoNobel currently is a shareholder in the Packaging Coatings Metlac Group. This position was inherited from the acquisition of ICI in 2008. The deal underlines the company's strong commitment to supporting the coatings and inks market for metal packaging by securing the future of a well recognized supplier.
The combination of the two companies will bring value to its customers by leveraging the AkzoNobel global footprint and the product range of Metlac.
"This acquisition will reinforce our customer offering and links perfectly with the strategy to strengthen our positions in core markets", said Leif Darner, Executive Committee member responsible for Performance Coatings.
The completion of the transaction is subject to antitrust approval. The company expects to finalize the acquisition in Q2 2012.
Note to editors
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™.
Not for publication – for more information
Contact: Oskar Bosson Contact: Jonathan Atack, Ivar Smits
Corporate Media Relations, tel. +31 20 502 78 33 Corporate Investor Relations, tel. +31 20 502 78 56
Safe Harbor Statement
This press release contains statements which address such key issues as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest Annual Report, a copy of which can be found on the company's corporate website www.akzonobel.com.