1 June 2022

De Brauw advises AkzoNobel on its acquisition of African paints and coatings activities from Kansai Paint

+ 5 other team members
De Brauw acted as lead counsel to AkzoNobel in its agreement to acquire all paints and coating activities of Kansai Paint in Africa. The transaction concerns the acquisition of companies across 12 countries with a consolidated revenue of around EUR 280 million. The intended acquisition involves the Plascon brand, one of the oldest paint brands in the region with a heritage of more than 100 years, as well as activities related to decorative paints, protective coatings and coatings for wood and coil. The transaction is subject to regulatory clearance and is expected to be completed in the course of 2023.