AkzoNobel completes acquisition of Titan Paints in Spain
AkzoNobel has completed the acquisition of 100% of the shares of Industrias Titan S.A.U. (Titan Paints).
The transaction includes three production facilities and seven logistics and service centers for decorative paints, including one of the most modern manufacturing plants for water-based paints in Europe in El Prat de Llobregat, near Barcelona.
Titan Paints generated revenue of around €80 million and according to AkzoNobel, it shares its commitment to sustainable product innovation, with much of its portfolio having received recognition for environmental performance.