Akzo Nobel to buy BASF India’s industrial coatings business

19 Feb 2016 Evaluate

Akzo Nobel India has agreed to buy BASF India’s industrial coatings business for 475 million euro to strengthen its position in various markets. BASF India’s industrial coatings business had sales of 300 million euro in 2015 and supplies coatings for coils, furniture foil, and panels, as well as having applications in commercial transport and wind energy.

AkzoNobel India (previously known as ICI India) is engaged in manufacturing and marketing of paints, speciality chemicals and adhesives.

Akzo Nobel India Share Price

2395.10 -11.70 (-0.49%)
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Peers
Company Name CMP
Asian Paints 2846.00
Berger Paints India 571.65
Kansai Nerolac Paint 262.25
Akzo Nobel India 2395.10
Indigo Paints 1256.10
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