AkzoNobel Completes Grupo Orbis Acquisition

AkzoNobel N.V. has completed its previously announced acquisition of Colombia-based paints and coatings company Grupo Orbis, with a goal of strengthening its long-term position in Latin America. Present in 10 countries in Central America, South America, and the Antilles, Grupo Orbis has consolidated revenue of around €360 million (approximately $390.9 million).

The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives, and specialty chemicals), Mundial (paints and related product distribution services), and Centro de Servicios Mundial (shared services center). The Pintuco portfolio reportedly consists of 75% decorative paints and 25% coatings.

Visit www.akzonobel.com and www.grupo-orbis.com for additional details.

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