AkzoNobel completes Grupo Orbis acquisition to boost investment in growth in Latin America

AkzoNobel completes Grupo Orbis acquisition to boost investment in growth in Latin America


Akzo Nobel N.V. (AKZA; AKZOY) has completed the acquisition of Colombia-based paints and coatings company Grupo Orbis, strengthening its long-term position in Latin America.

Present in ten countries in Central America, South America and the Antilles, Grupo Orbis has consolidated revenue of around €360 million. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives and specialty chemicals), Mundial (paints and related product distribution services) and Centro de Servicios Mundial (shared services center). 

The Pintuco portfolio consists of 75% decorative paints and 25% coatings, offering a wide range of products across ten countries, creating several opportunities for revenue synergies.

The deal was first announced in June 2021. 

donate

BUY US A COFFEE

$3.00

Source: Akzo Nobel

Note to readers:

  • Please follow us on LinkedIn ,Twitter and YouTube and subscribe to our website and receive notifications of new posts by email.
  • Please click the share buttons below and make a comment.

Explore further

Explore further

Explore further

Explore further

Explore further

Mergers&Acquisitions News&Communıty