ARNHEM, the Netherlands - Akzo Nobel has agreed to sell its Decorative Coatings site near Barcelona in Spain as part of an expansion of its business activities on the Iberian Peninsula, which will include the construction of a new purpose-built facility.

"Akzo Nobel is committed to growing its position in the Spanish decorative coatings market, which is one of the largest in Europe," explained CEO Hans Wijers. The existing site produces and markets the company's Procolor, Sikkens and Bruguer brands, with almost all of the paint it produces being sold exclusively on the Spanish market.