AMSTERDAM, the Netherlands - AkzoNobel has expanded its presence in the Middle East by acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC.
The company has signed a joint venture agreement with Omar Zawawi Establishment LLC (promoter and shareholder of Sadolin Paints), which involves the manufacture and sale of decorative paints and performance coatings in Oman. Financial details were not disclosed.