AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during 2023.

Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million ($418 million AUD). The transaction includes the Plascon brand, which has more than 100 years of heritage in South Africa. The intended acquisition also includes automotive and protective coatings, and coatings for wood and coil.

“Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth,” says AkzoNobel CEO, Thierry Vanlancker.


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