In addition to buying the Dulux assets in
South Africa, ICI is acquiring AECI’s shares in the Dulux subsidiaries in
Botswana, Zambia, Swaziland, Malawi and Namibia. Completion is expected in the
second half of 2007, subject to approval by the regulatory authorities.
Dulux is a leading decorative paints
brand in the growing South African market. In 2006, Dulux sales grew 19%. The
business employs 650 people, including 400 in South Africa.