AMSTERDAM — AkzoNobel has strengthened its business in Asia by acquiring 100% of the shares in Colourland Paints Sdn Bhd and Colourland Paints (Marketing) Sdn Bhd – both referred to as Colourland Paints – a home-grown paints and coatings manufacturer with wide distribution across Malaysia.
The acquisition enhances AkzoNobel’s global portfolio with a much-loved local brand. It also means the company will be able to provide an improved customer experience through an expanded product offering and distribution network. Financial details were not disclosed.