The business has an annual revenue of about EUR 100 million and employs around 300 people. Commenting on the deal in a first news in April 2023, Mark Kwok,
Akzo Nobel is to further strengthen its China position after reaching an agreement with Sherwin-Williams to acquire its Chinese Decorative Paints business. This business is known within Sherwin-Williams as the Chinese Architectural Paint business. Completion, which is subject to regulatory approvals, is expected in the second half of 2023.
"Acquiring the Chinese Decorative Paints business from Sherwin-Williams will help us to deliver our growth ambitions in tier three to tier five geographical areas in China. This. | April 19, 2023
AkzoNobel Installs New Production Line In Chinese Facility pfonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pfonline.com Daily Mail and Mail on Sunday newspapers.