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October 2, 2013
AkzoNobel finalizes divestment of Building Adhesives business
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com)
has finalized the €260-million divestment of its Building Adhesives business to Sika AG. Under the terms of the deal, all of Building Adhesives' approximately 550 employees have transferred to the new owners, along with the business' two manufacturing facilities in Rosendahl (Germany) and Damville (France) and its products and brands.
The sale of Building Adhesives is in line with the strategic review of the business' fit within AkzoNobel's portfolio.