AkzoNobel to Acquire Kansai Paint’s Paints and Coatings Activities in Africa
AkzoNobel recently announced that it will further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion is expected during the course of 2023, subject to regulatory approvals.
Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million (approximately $299.3 million). The transaction includes the Plascon paint brand, as well as automotive and protective coatings, and coatings for wood and coil.