ARNHEM, The Netherlands - Akzo Nobel Coatings has acquired a 50% stake in Industrial de Acabados S.A. de C.V. (INDA), reported to be the largest powder-coatings producer in Mexico.
The resulting joint-venture company, Akzo Nobel INDA S.A. de C.V., will manufacture powder-coatings products carrying Akzo's global Interpon brand at the existing INDA facilities in Monterrey, Mexico. Terms of the transaction were not announced.