AkzoNobel Planning Portfolio Realignment
Year:2009 ISSUE:27
COLUMN:M & A, BUSINESS & TRADE
Click:206    DateTime:Sep.24,2009
AkzoNobel Planning Portfolio Realignment      

AkzoNobel is to introduce more balance to its Performance Coatings and Specialty Chemicals portfolios as part of a realignment which will see the launch of two new business units and the merger of two others.
   Due to come into effect on January 1, 2010, the planned changes include the creation of a stand-alone Wood Finishes and Adhesives business and a restyled Industrial Coatings business, while the company's Polymer Chemicals activities will be merged into the Functional Chemicals organization.
   Wood Finishes and Adhesives will comprise the company's current wood finishes and wood adhesives activities, bringing more focus to this significant market, while Industrial Coatings will be made up of the present Packaging Coatings, Coil Coatings and Specialty Plastics operations, creating a more logical combination of AkzoNobel's industrial OEM businesses. In addition, in order to benefit more from their inherent technology and supply chain synergies, AkzoNobel Aerospace Coatings will transfer from Marine and Protective Coatings to Car Refinishes.