Akzo Nobel Acquires Full Ownership of Powder Coatings Joint Venture in Turkey
Akzo Nobel N.V. has completed the acquisition of the remaining 25 percent stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a powder coatings joint venture in Turkey. The company has now acquired full ownership, having previously held the majority share. Akzo Nobel stated that the deal will help to consolidate its strong position in powder coatings in Turkey, one of Europe’s largest powder coatings markets.
Akzo Nobel added that it will continue to provide customers throughout the region with world class products, solutions and services. In addition to Turkey, the joint venture also manufactures and distributes powder coatings in eastern Europe and central Asia.