AkzoNobel Acquires Mauvilac in Sub Saharan Africa
AkzoNobel has completed the acquisition of 100 percent of the shares of Mauvilac Industries Limited, a paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores, and access to a strong distribution network, according to AkzoNobel.
The company stated that the acquisition of Mauvilac strengthens AkzoNobel’s footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market. The business reportedly generated revenue of around €20 million in 2018 and is a leading decorative and specialty paints and coatings manufacturer headquartered in Les Pailles, Mauritius.