AkzoNobel Completes Acquisition of Chinese Surfactants Producer
AMSTERDAM, the Netherlands - AkzoNobel has completed its acquisition of China's leading specialty surfactant producer, Boxing Oleochemicals. Boxing supplies nitrile amines and derivatives used in a variety of industrial and consumer applications including fabric softeners, asphalt additives and hair conditioners.
The acquisition will further strengthen AkzoNobel's leadership position in specialty surfactants while enhancing its manufacturing footprint in Asia.
Established in 1993 and based in the province of Shandong, Boxing had revenues in 2010 of approximately EUR 100 million; its activities will be integrated into AkzoNobel's Surface Chemistry business.