AkzoNobel’s Acquisition of Paints and Coating Activities of Kansai Paint in Africa

De Brauw acted as lead counsel to AkzoNobel in the transaction.

AkzoNobel completd its agreement to acquire all paints and coating activities of Kansai Paint in Africa.

The transaction concerns the acquisition of companies across 12 countries with a consolidated revenue of around EUR 280 million. The intended acquisition involves the Plascon brand, one of the oldest paint brands in the region with a heritage of more than 100 years, as well as activities related to decorative paints, protective coatings and coatings for wood and coil. The transaction is subject to regulatory clearance and is expected to be completed in the course of 2023.

The De Brauw team included Helen Gornall, Henk van Ravenhorst, Heather Giannandrea,
Agnieszka Bartlomiejczyk, Gurgen Hakopian, Joppe de Bruijn, Iuliia Samsonova.

Involved fees earner: Agnieszka Bartlomiejczyk – De Brauw Blackstone Westbroek; Joppe de Bruijn – De Brauw Blackstone Westbroek; Heather Giannandrea – De Brauw Blackstone Westbroek; Helen Gornall – De Brauw Blackstone Westbroek; Gurgen Hakopian – De Brauw Blackstone Westbroek; Iuliia Samsonova – De Brauw Blackstone Westbroek; Roos van der Poel – De Brauw Blackstone Westbroek; Henk van Ravenhorst – De Brauw Blackstone Westbroek;

Law Firms: De Brauw Blackstone Westbroek;

Clients: AkzoNobel group;

Naoual Sadouqi

Author: Naoual Sadouqi