MoreAMSTERDAM, the Netherlands – AkzoNobel has agreed to sell its Crown Paints decorative paint business in the United Kingdom and Ireland to Endless LLP, an independent private equity house. AkzoNobel has also agreed to sell two Belgian brands to Rieu Investissements S.A., a French producer of coatings.
In the United Kingdom and Ireland, the transaction includes the manufacturing and warehouse sites in Darwen, Hull, Warrington, Dublin and Belfast, as well as the Crown Decorator Centre network and a brand portfolio encompassing brands such as Crown®, Crown Trade®, Berger®, MacPherson®, Permoglaze® and Sandtex®. It also includes the company’s export activities, including export to Cyprus, related to these brands and a license for the use of its Sadolin® brand in the UK and Ireland.
In the United Kingdom and Ireland, the transaction includes the manufacturing and warehouse sites in Darwen, Hull, Warrington, Dublin and Belfast, as well as the Crown Decorator Centre network and a brand portfolio encompassing brands such as Crown®, Crown Trade®, Berger®, MacPherson®, Permoglaze® and Sandtex®. It also includes the company’s export activities, including export to Cyprus, related to these brands and a license for the use of its Sadolin® brand in the UK and Ireland.
With respect to the Belgian market, AkzoNobel has agreed to sell the DeKeyn® and Linitop® brands to Rieu Investissements S.A. The transaction also includes a license for the use of its Sadolin brand in Belgium for a period of five years. As part of this transaction, AkzoNobel has also agreed to sell its stake in Owatrol International S.L. and related intellectual property to Rieu.
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