AkzoNobel to Strengthen Position in Sub-Saharan African Market with Mauvilac Acquisition

AkzoNobel recently announced that it has entered into an agreement to acquire 100% of the shares of Mauvilac Industries Limited, a paints and coatings company in Mauritius. AkzoNobel reports that the transaction includes a local production facility, four concept stores, and access to a strong distribution network. 

Mauvilac, which generated revenue of around €20 million (approximately $22.2 million) in 2018, is a decorative and specialty paints and coatings manufacturer headquartered in Les Pailles, Mauritius. The company’s portfolio consists of 85% decorative paints and 15% coatings, offering a wide range of professional and consumer products.