Sector News

Akzo Nobel to buy Flexcrete, Disatech

July 5, 2017
Chemical Value Chain

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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