AkzoNobel in talks to buy BASF's industrial coatings business

BASF's industrial coatings unit supplies pigments, binders, and additives

AkzoNobel in talks to buy BASF's industrial coatings business
BS B2B Bureau Amsterdam, Netherlands
Last Updated : Feb 12 2016 | 8:07 PM IST
Dutch specialty chemicals company AkzoNobel is holding talks to acquire BASF’s industrial coatings business. “AkzoNobel confirms it is in discussions with BASF with regards a potential purchase of their industrial coatings business,” said the company, without giving the details of nature of the talks.
 
The move is a part of AkzoNobel’s strategy to drive operational excellence and organic growth including the possibility to pursue value generating, bolt-on acquisitions.

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First Published: Feb 11 2016 | 2:13 PM IST

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