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Akzo Nobel N.V. — M&A Activity 2013
Apr 2, 2013
3806_iss_2013-04-01_f0889e48-83c4-4f4d-9cb9-38143fd16be2.pdf
M&A Activity
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Akzo Nobel N.V. Corporate Communications
Strawinskylaan 2555 P.O. Box 75730 1070 AS Amsterdam T +31 (0)20 502 7833 F +31 (0)20 502 7604 www.akzonobel.com
Press release
April 1, 2013
AkzoNobel completes divestment of Decorative Paints North America
AkzoNobel has today finalized the \$1.05 billion sale of its North American Decorative Paints business to US-based PPG Industries, Inc. The deal was announced on December 14, 2012.
AkzoNobel continues to have a strong presence in North America through its Performance Coatings and Specialty Chemicals businesses, with combined 2012 revenues of close to \$3 billion and around 5,000 employees.
AkzoNobel is a leading 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 consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™.
Not for publication – for more information
Contact: Jeroen Pul Contacts: Jonathan Atack and Sheryl Stokes
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7854
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.