AkzoNobel to take control of Metlac Group
AkzoNobel, a leading supplier of internal and external coatings and inks for the metal packaging industry, is set to buy the remaining shares of Italian based packaging coatings producer Metlac.
The company is currently a shareholder in the Packaging Coatings Metlac Group. This position was inherited from the acquisition of ICI in 2008. The proposed deal underlines the company’s commitment to supporting the coatings and inks market for metal packaging by securing the future of a well recognised supplier.
The combination of the two companies will bring value to its customers by leveraging the AkzoNobel global footprint and the product range of Metlac.
“This acquisition will reinforce our customer offering and links perfectly with the strategy to strengthen our positions in core markets”, says Leif Darner, executive committee member responsible for performance coatings.
The completion of the transaction is subject to antitrust approval. The company expects to finalise the acquisition in the second quarter of 2012.
Founded in 1986 in Bosco Marengo, in the vicinity of Alessandria, Metlac is the leading company of a group that includes Ceritec, a company specialised in research and development, Metinks, an ink manufacturing company and Sicra, operating in the tube and monobloc aerosol can coating business.
The Metlac Group, with annual production of 25,000 tonnes, is among the most important manufacturers in the world of lacquers and coatings used for the internal protection of metal cans containing food and for the external decoration of metal packaging.
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