18 June 2018
DETAILS
AkzoNobel has entered into an agreement
to acquire 100% of the shares of
Fabryo Corporation S.R.L. (Fabryo),
becoming
the leader in the Romanian decorative paints market.
The transaction includes
* two production facilities and
* six distribution centers
for decorative paints, adhesives and mortars,
including one of the largest decorative paints factories in the region,
with capacity for further expansion.
The business generated revenue of around €45 million in 2017
and is the only player with both a leading product portfolio
for consumers as well as professional segments
in the Romanian market, including brands
The planned transaction is expected to be completed
in the second half of 2018, subject to regulatory approval.
Thierry Vanlancker,
CEO of AkzoNobel
"This acquisition provides AkzoNobel with the number one position
in a fast growing market and will contribute to delivering
our Winning Together: 15 by 20 Strategy.
Fabryo has a proven track record
when it comes to growth and profitability.
We are very happy to add top brands like
to our world class portfolio and look forward to
welcoming our new colleagues to AkzoNobel."
Dragos Militaru,
CEO of Fabryo
“We are looking forward to joining AkzoNobel.
We both have passion for paint
and we share the same values.
Combining our efforts in Romania,
building on AkzoNobel’s global presence,
will enable us to strengthen our leading position.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
