Akzo Nobel acquires full ownership of powder coatings joint venture in Turkey
Akzo Nobel has completed the acquisition of the remaining 25 percent stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a 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 is supposed to help to consolidate Akzo Nobel’s position in powder coatings in Turkey, one of Europe’s largest powder coatings markets.
Growing the business in Turkey and the surrounding countries
Akzo Nobel 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 products, solutions and services.
In addition to Turkey, the joint venture also manufactures and distributes powder coatings in eastern Europe and central Asia.
Headquartered in the Netherlands, Akzo Nobel is active in over 150 countries and employs around 34,000 people.
