INSL-x Products Corp. announced an agreement to acquire Wattyl Ltd.'s Coronado Paint Co. Inc. and Lenmar Inc. coatings units, as Australia-based Wattyl moved to sell its remaining U.S. coatings businesses.
Akzo Nobel announced the introduction of a waterborne exterior wood coating billed as a "pioneering" advance in coatings technology due to a solids content of approximately 65% and "nearly zero" VOC content.
The investment firm Apollo Management L.P. announced an agreement to acquire Borden Chemical Inc., a supplier of thermoset and other high-performance resins, adhesives and specialty chemicals, for approximately $1.2 billion including the assumption of outstanding debt.
Akzo Nobel Car Refinishes announced plans for a "major restructuring" to be carried out over the next two years, a program that the company said will result in the reduction of approximately 600 employment positions, or 10% of the business's global work force.
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