Akzo Nobel has signed an agreement to acquire the worldwide Ceilcote business from the German-based KCH Group for close to EUR 12 million. A major international brand used to coat concrete and steel structures - particularly in the petrochemical and power industries - Ceilcote specializes in high performance, polymer-based corrosion control solutions for both new construction and maintenance projects.
"This deal underlines our strong commitment to delivering on Akzo Nobel's ambitious growth strategy," explained CEO Hans Wijers, who is also the Board member responsible for Coatings. "As the world's leading coatings company, we are always looking to explore significant expansion
opportunities in both mature and emerging markets and this is an important acquisition which will further enhance our portfolio and consolidate our global presence."
For more information, visitwww.akzonobel.com.