AkzoNobel strengthens Packaging Coatings portfolio

AkzoNobel has today agreed to acquire the worldwide assets of Swedish-based company Lindgens Metal Decorating Coatings and Inks, including its majority stake in the Server Boya joint venture in Turkey.  Financial details were not disclosed. The deal will add technology and expertise to AkzoNobel's own Packaging Coatings activities, particularly in the market for inks printed on the outside of two-piece metal packaging. "This is an excellent acquisition which boosts our capability and is perfectly in line with our growth strategy," explained Leif Darner, the AkzoNobel Board member responsible for Performance Coatings. "It will strengthen our position in metal packaging decoration and enhance our presence in important markets such as Russia, Turkey and Australia." Conrad Keijzer, Managing Director of AkzoNobel's Industrial Coatings business, added: "As well as reinforcing our position in metal packaging, this transaction will also enable us to offer a number of unique technologies and support our customers with a comprehensive inks and coatings portfolio." Consultations with employee representatives will be held as and when appropriate. Closing is expected to take place in the third quarter of this year. Said Peter Koivula, Chairman of Lindgens Group: "With the continuing globalization of our marketplace, this strategic deal will help to ensure that all Lindgens and Server Boya customers around the world continue to benefit from the right products, technologies and services both now and in the future." Established in 2005, Lindgens - which achieved 2009 sales of approximately ?25 million - manufactures and markets complete system solutions of coatings and inks for the metal packaging industry. AkzoNobel's global Packaging Coatings business is a leading supplier of internal and external coatings for beer and beverage cans, food cans, caps and closures and general line cans. - - - AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today(TM). Not for publication - for more information Corporate Media Relations, tel. +31 20 502 7833     Corporate Investor Relations, tel. +31 20 502 7854 Contact: Oskar Bosson                       Contacts: Huib Wurfbain and Ivar Smits [HUG#1431818] Pdf file AkzoNobel press release: http://hugin.info/130660/R/1431818/378130.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction for further distribution is prohibited. Source: Akzo Nobel NV via Thomson Reuters ONE