Akzo Nobel Strengthens Packaging Coatings portfolio

Akzo Nobel has agreed to acquire the worldwide assets of Swedish-based company Lindgens Metal Decorating Coatings and Inks, including its majority stake in the Server Boya joint venture in Turkey. Financial details were not disclosed. Closing is expected to take place in the third quarter of this year.

The deal will add technology and expertise to Akzo Nobel's own packaging coatings activities, particularly in the market for inks printed on the outside of two-piece metal packaging.

Consultations with employee representatives will be held as and when appropriate. Closing is expected to take place in the third quarter of this year.