AkzoNobel acquires full ownership of powder coatings joint venture in Turkey
Akzo Nobel N.V. has completed the acquisition of the remaining 25% stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a leading powder coatings joint venture in Turkey. The company has now acquired full ownership, having previously held the majority share. Following a successful partnership, the deal will help to consolidate AkzoNobel’s strong position in powder coatings in Turkey, one of Europe’s largest powder coatings markets.
AkzoNobel is committed to further growing its business in Turkey and the surrounding countries that the joint venture has been serving. The company will continue to provide customers throughout the region with world class products, solutions and services.
In addition to Turkey, the joint venture also manufactures and distributes powder coatings in eastern Europe and central Asia.