ARNHEM, the Netherlands - Akzo Nobel has taken a significant step to strengthen its position in the North American wood-coatings market with the acquisition of Ohio-based, privately held Flood Company, the biggest independent woodcare business in the United States. Akzo Nobel is the global market-share leader in coatings.
Established in Ohio in 1847, The Flood Company specializes in high-quality exterior wood finishes. The deal will substantially increase Akzo Nobel's existing share of the U.S. woodcare market. Flood's annual sales turnover is about $55 million.