The acquisition will further boost the company’s position in China and will allow further market segmentation and reinforce its position outside of the premium segment.
The intended acquisition follows a series of recent acquisitions by AkzoNobel across paints and coatings over the last years. Completion, which is subject to regulatory approvals, is expected in the second half of 2023.
It is no secret that colors play a role in our mental wellbeing. Colors will impact the way we think, feel and behave. More importantly, the colors in a space are imperative to the overall atmosphere of a room.
The world is getting increasingly interested in determining the most sustainable ways of meeting society’s requirements for materials, products and services. Some governments are getting very active in this quest and so are consumer-driven organisations that have increasing concerns about the current ways we are all living.
