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Home  > Markets & companies  > Coatings market  > AkzoNobel sells former paint factory in UK

Wednesday, 17 July 2019
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Markets & companies, Coatings market

AkzoNobel sells former paint factory in UK

Wednesday, 10 July 2019

AkzoNobel has sold its former paint factory located in Wexham Road, Slough, UK. The site comprises both the former Slough Manufacturing Unit and AkzoNobel’s Research and Development facility.

AkzoNobel has sold a former paint factory (symbol image). Image source: fotogestoeber - stock.adobe.com.

AkzoNobel has sold a former paint factory (symbol image). Image source: fotogestoeber - stock.adobe.com.

Paint production ceased on the site in 2016 and operations were relocated to AkzoNobel’s state-of-the-art facility in Ashington, UK. The Research and Development facility is being leased by AkzoNobel for a short time until relocated.

AkzoNobel UK headquarters not included

The AkzoNobel UK headquarters and Dulux Academy, located to the west of Wexham Road, are not included as part of the sale and continue to be actively used by AkzoNobel.

This transaction generated proceeds of  EUR 75 million and will be reported in the financial results for the second quarter of 2019 as a one-off gain of  EUR 57 million, included within identified items.

Headquartered in the Netherlands, AkzoNobel is active in over 150 countries and employs around 34,500 people.

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