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Home  > Markets & companies  > Coatings market  > Powder coatings: AkzoNobel expands in Sout...

Wednesday, 16 October 2019
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Markets & companies, Coatings market

Powder coatings: AkzoNobel expands in South Africa

Tuesday, 7 August 2012

AkzoNobel Powder Coatings acquires 100 % of the South African joint venture with Freeworld Coatings.

AkzoNobel Powder Coatings strengthens its position in Africa by acquiring 100 % of the powder coatings joint venture in South Africa. After more than 40 years of a mutually beneficial relationship, Akzo Nobel Powder Coatings South Africa (Pty) Ltd and Freeworld Coatings - through its Plascon subsidiary - concluded participation in the original joint venture. The deal comes on the back of Freeworld Coatings' acquisition of Kansai, and underlines the Dutch coatings producer's commitment to developing business in the African continent.

AB Ghosh, AkzoNobel Powder Coatings Managing Director commented: "This acquisition highlights our confidence in this important market, and South Africa is strategically well located for us to continue and to expand in Africa."

The 100 % acquisition underlines AkzoNobel's determination to accelerate growth in Africa. Source: António Duarte – Fotolia.com

The 100 % acquisition underlines AkzoNobel's determination to accelerate growth in Africa. Source: António Duarte – Fotolia.com

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