Akzo Nobel NV, a Netherlands-based manufacturer of paints, coatings and specialty chemicals, has agreed to acquire PRIME Automotive Coatings Co., Ltd., a China-based producer of car repair paint, water-based road marking paint, plastic paint, automobile paint and automotive wheel paints.
Deal Participants
Deal Rationale
The transaction enables Akzo Nobel to boost its presence in the Chinese automotive market and opens up an opportunity in the attractive vehicle refinish mid-market segment.
Deal Participants
Deal Rationale
The transaction enables Akzo Nobel to boost its presence in the Chinese automotive market and opens up an opportunity in the attractive vehicle refinish mid-market segment.
