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AkzoNobel Strengthens Protective Coatings Portfolio

AkzoNobel Strengthens Protective Coatings Portfolio

Write: Murray [2011-05-20]
AkzoNobel has strengthened its world-leading Marine & Protective Coatings portfolio following the acquisition of the Enviroline business from Floridabased Industrial Environmental Coatings Corporation.

Enviroline is a specialist supplier of high performance, corrosion-resistant linings predominantly in the oil and gas industries, specializing in both new construction and maintenance projects. The deal includes the transfer of goodwill, intellectual property and the dedicated employees. Financial details were not disclosed.

"This acquisition highlights the company s strategy of consolidating our leading market positions and investing in growth opportunities, said Leif Darner.