AkzoNobel to Buy Decorative Paints Business of Titan in Spain
AMSTERDAM — AkzoNobel has agreed to acquire the decorative paints business of Spain’s Industrias Titan S.A.U. Completion is subject to regulatory approvals and expected before the end of the first quarter of 2021.
Titan – which also has a relevant presence in Portugal – is one of Spain’s best-known brands. The business shares AkzoNobel’s commitment to sustainable product innovation, with much of its portfolio having received recognition for environmental performance.