Akzo Nobel Buys Spain's Xylazel From Pharma Mar for Undisclosed Sum
September 20 2018 - 9:18AM
Dow Jones News
By Adam Clark
Akzo Nobel NV (AKZA.AE) said Thursday that it has bought Spanish
decorative paint and woodcare business Xylazel from Pharma Mar SA
(PHM.MC).
The Dutch paint company didn't disclose the price of the deal.
Xylazel generated 20 million euros ($23.5 million) in revenue in
2017, and has one production facility and about 100 employees.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
September 20, 2018 09:03 ET (13:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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