1 June 2022
De Brauw advises AkzoNobel on its acquisition of African paints and coatings activities from Kansai Paint
De Brauw acted as lead counsel to AkzoNobel in its agreement to acquire all paints and coating activities of Kansai Paint in Africa. The transaction concerns the acquisition of companies across 12 countries with a consolidated revenue of around EUR 280 million. The intended acquisition involves the Plascon brand, one of the oldest paint brands in the region with a heritage of more than 100 years, as well as activities related to decorative paints, protective coatings and coatings for wood and coil. The transaction is subject to regulatory clearance and is expected to be completed in the course of 2023.
Team
Helen Gornall
Partner
Agnieszka Bartlomiejczyk
Senior Associate
Roos van der Poel
Counsel
Henk van Ravenhorst
Partner
Heather Giannandrea
Counsel