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| Name | Symbol | Market | Type |
|---|---|---|---|
| Akzo Nobel NV (QX) | USOTC:AKZOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 2.27% | 22.53 | 22.51 | 22.77 | 22.70 | 22.52 | 22.64 | 118,681 | 21:00:29 |
From May 2019 to May 2024
By Oliver Griffin
Akzo Nobel NV (AKZA.AE) said Monday that it is acquiring V.Powdertech Co. Ltd., a Thai manufacturer of powder coatings, for an undisclosed amount.
The Netherlands-based paint and chemicals company said that the acquisition will bring in new technology and services that complement its global-technology portfolio and business.
The deal includes all relevant technologies, patents and trademarks, Akzo Nobel said, as well as V.Powdertech's manufacturing plant.
The Thai company's employees will also be joining Akzo Nobel.
Akzo Nobel said that it expects the transaction to be completed in the coming weeks.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
November 27, 2017 02:31 ET (07:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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