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...Dulux owner Akzo Nobel has warned of a “big scarcity” of painters and decorators exacerbated by Brexit and the Covid-19 pandemic as the group backs a start-up developing a paint robot to ease the labour...
...Akzo Nobel’s second-quarter earnings missed forecasts as the Dutch paints and coatings maker said it was hit by two months of lockdowns in China and destocking in Europe....
...Europe’s biggest paint maker Akzo Nobel has missed second-quarter earnings forecasts after it was hit by Covid lockdowns in China and falling demand in Europe....
...Thierry Vanlancker, Akzo Nobel’s chief executive, said the company’s business in North America had been hit by supply constraints due in part to the absence of truckers....
...“You don’t remember what you paid last year for paint,” said Maarten de Vries, chief financial officer of Akzo Nobel. However, other executives closer to the customer fear demand will weaken....
...Europe’s largest paint maker Akzo Nobel put customers on notice for further price rises on Wednesday because of strong demand and supply chain disruptions that have pushed up the cost of raw materials....
...The bosses of paint companies PPG and Akzo Nobel both said they wanted to buy Asian rivals after the Fortune 500 company beat its Dutch rival to the €1.5bn acquisition of Finland’s Tikkurila in February....
...Dutch paints and coatings manufacturer Akzo Nobel has offered to buy Finland’s Tikkurila for €1.4bn in an attempt to trump a rival bid by US-based PPG Industries....
...Akzo Nobel plants in China are being converted to water-based production. As for the uptick in home decorating, McAuley sounds a note of caution....
...Alistair McAuley, managing director for the UK and Ireland at paints maker Akzo Nobel, acknowledged that as “homes have become sanctuaries . . . so decorating has moved up the demand list”....
...Carlyle, the US private equity group, and Singapore’s sovereign wealth fund GIC have won a fight to buy the speciality chemicals arm of Dutch paint maker Akzo Nobel for €10.1bn including debt....
...In Europe, Washington-based buyout group Carlyle bought Akzo Nobel’s speciality chemicals unit in a €10.1bn deal, including debt — the largest transaction in more than a decade in the continent....
...Axalta first entered talks with Dutch rival Akzo Nobel in October 2017 over a potential $30bn merger between the two companies....
...The chief of Europe’s biggest paintmaker Akzo Nobel, which rejected a €27bn takeover offer in 2017, has insisted that the company can achieve the ambitious financial target promised during its defence campaign...
...The Dutch paint and coatings company behind the Dulux brand, Akzo Nobel, said it was on course to achieve an ambitious financial target despite a fall in annual operating profits because of a hit from a...
...Axalta and Dutch rival Akzo Nobel....
...PPG attempted an audacious €27bn hostile takeover of its Dutch rival Akzo Nobel last year, but ended up withdrawing rather than take its offer direct to Akzo’s shareholders following a protracted and bitter...
...Axalta last year entered into $30bn merger discussions with Dutch paint maker Akzo Nobel but the talks ended without an agreement in November....
...Akzo Nobel’s stance sparked a chorus of investor dissent, with a number of shareholders, led by the hedge fund Elliott Advisors, publicly urging it to the negotiating table....
...For Akzo, offloading the speciality chemicals division is a crucial step as it refocuses on its core activity of making paints and coatings....
...Dutch paintmaker Akzo Nobel is never far from big-ticket merger prospects with large rivals. On Monday it said it had struck a smaller deal of its own, to buy Thailand’s V.Powdertech....
...Dutch paintmaker Akzo Nobel and its US rival Axalta Coating Systems have terminated talks over a multibillion dollar merger after failing to reach an agreement....
...US private equity giant Apollo has teamed up with one of the Netherlands' largest pension funds as co-investors to buy a piece of Akzo Nobel's business as it looks to position itself as a viable Dutch option...
...Some of the largest private equity groups are jockeying to buy a large chunk of Dutch paint maker Akzo Nobel for as much as €10bn, the latest sign buyout funds are itching to deploy large sums of cash....
...Carlyle wins fight for Akzo Nobel speciality chemicals arm A group of investors led by US buyout giant Carlyle agreed to pay €10.1bn including debt for Akzo Nobel’s specialty chemicals unit after months...
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