Dutch paints and chemicals group Akzo Nobel NV AKZA is acquiring U.K.-based Flexcrete Technologies Ltd. and French manufacturer Disa Technology, or Disatech, in a move aimed at strengthening Akzo Nobel’s coatings business.
Akzo Nobel didn’t give any financial details,
“Both acquisitions support our strategy of investing in growth and innovation and are strongly aligned with our growth strategy,” Chief Executive Ton Buchner said Monday.
Akzo Nobel said the acquisition of Disatech is subject to regulatory approval.
By Razak Musah Baba
Source: Market Watch
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Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).
