AMSTERDAM, The Netherlands , Feb. 13, 2019 (Press Release) -Nouryon (formerly AkzoNobel Specialty Chemicals) has more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes, Mexico to meet increased customer demand in the North American polyvinyl chloride (PVC) market.Read more
AMSTERDAM, The Netherlands , Jan. 16, 2019 (Press Release) -Nouryon (formerly AkzoNobel Specialty Chemicals) has opened a new headquarters office and research center to support its operations in India. Located in Mumbai, the new location brings together research and sales as well as business support functions, and enables the company to better meet customer needs across the region.Read more
AMSTERDAM, The Netherlands, Nov. 13, 2018 (Press Release) -AkzoNobel shareholders have today voted in favor of all resolutions at the company’s Extraordinary General Meeting (EGM).
The capital repayment and share consolidation, agreed by a majority of shareholders, follows completion of the sale of the Specialty Chemicals business.Read more
AMSTERDAM, The Netherlands , Oct. 9, 2018 (Press Release) -The former AkzoNobel Specialty Chemicals is today being relaunched as Nouryon. The move follows the recent acquisition of the business by The Carlyle Group and marks the company’s transition to becoming an independent, global specialty chemicals leader.Read more
AMSTERDAM, Oct. 2, 2018 (Press Release) -Akzo Nobel N.V. (AKZA; AKZOY) has today announced shareholders will receive €5.5 billion, following completion of the sale of the Specialty Chemicals business. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on December 7, 2017.
A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.Read more
AMSTERDAM, The Netherlands, Oct. 1, 2018 (Press Release) -Akzo Nobel N.V. has today completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
Thierry Vanlancker, CEO of AkzoNobel, commented: "Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market leading positions, strong global brands, and a clear strategy to create value for all our stakeholders.Read more
AMSTERDAM, The Netherlands , Sept. 21, 2018 (Press Release) -AkzoNobel Specialty Chemicals has completed its acquisition of Brazil's Polinox, South America's leading producer of ketone peroxides, an essential ingredient in the manufacture of polymers. The purchase expands the company's footprint in South America, establishing it as one of the region's leading producers of curing systems for polyester thermoset resins.Read more
BRUSSELS, Aug. 28, 2018 (Press Release) -The European Commission has approved under the EU Merger Regulation the acquisition of sole control over the Specialty Chemicals Business of Akzo Nobel ("Akzo Nobel SC") of the Netherlands by the Carlyle Group of the US. Akzo Nobel SC is the specialty chemicals business of Akzo Nobel, which has been separated from Akzo Nobel's paint and coating business. Carlyle is a global alternative asset manager.Read more