Akzo Nobel N.V. (AkzoNobel) reported a 7 percent revenue decrease in the first quarter compared with the same period last year, due to weak demand in European markets and divestments.
BASF announced its sponsorship of the East Valley Institute of Technology (EVIT) in Mesa, AZ, and the official opening of its newest National Training Center.
PPG Industries has reached a definitive agreement to acquire certain assets of Deft Inc., a privately-owned specialty coatings company based in Irvine, CA.
As part of PPG Industries’ acquisition of the North American architectural coatings business of AkzoNobel, Scott B. Sinetar, Vice President, PPG Architectural Coatings, North America, is set to lead the combined architectural coatings business.
AkzoNobel has announced its intention to invest a further EUR 65 million in China. The investment will be used to boost capacity and improve operational excellence at AkzoNobel's surface chemistry manufacturing sites in Boxing and Ningbo.
The Valspar Corp., Minneapolis, has named James L. Muehlbauer to be the company’s new Executive Vice President, Chief Financial and Administrative Officer.