BRAND-NEW
AkzoNobel To Acquire Industrias Titan’s Decorative Paints Business AkzoNobel announced the acquisition of the decorative paints business of Spanish paint and coatings manufacturer Industrias Titan S.A.U..
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kzoNobel will acquire Titan’s decorative paints business.
exciting possibilities for combining our technologies and expertise,
Completion of the acquisition is subject to regulatory
which will result in us developing better and more sustainable
approvals and expected before the end of Q1, 2021.
products.”
Industrias Titan S.A.U is a paint and coating manufacturer based in
“We’re delighted to hand over Titan’s decorative paints business to a
Barcelona, Spain, which also has a relevant presence in Portugal. The
global leader like AkzoNobel. We’re confident they will care for Titan’s
business shares AkzoNobel’s commitment to sustainable product
legacy in the same way the family has done for over 100 years”,
innovation, with much of its portfolio having received recognition for
added Alberto and Joaquin Folch-Rusiñol, Industrias Titan S.A.U
environmental performance.
administrators, commenting on the deal.
“The Spanish market has strong growth potential and this is an
“Titan has a proud heritage and a long track record of innovation
excellent opportunity for us to reinforce our position in the region,”
and continuous improvement – qualities that we strongly relate to.
said AkzoNobel CEO, Thierry Vanlancker. “The acquisition will enable
It’s therefore a perfect fit for us and will provide a solid platform to
us to better serve our customers and provides added momentum,
further grow our position throughout the region”, added Vanlancker.
while also offering further proof of us being the reference in paints and coatings in Europe. The fact that a significant part of Titan’s portfolio has been awarded the European Ecological label also offers
For further information: www.akzonobel.com
© AkzoNobel
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N. 66 - NOVEMBER/DECEMBER 2020 - international PAINT&COATING magazine