AkzoNobel to acquire Chinese Decorative Paints business from Sherwin-Williams

AkzoNobel says that it is to further strengthen its China position after reaching an agreement with Sherwin-Williams to acquire its Chinese Decorative Paints business*. Completion, which is subject to regulatory approvals, is expected in the second half of 2023. The business has an annual revenue of about €100 million and employs around 300 people. The transaction…

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