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Business

Akzo completes purchase, sale

June 5, 2006 | A version of this story appeared in Volume 84, Issue 23
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Credit: Akzo Nobel Photo
Akzo's powder coatings come with a variety of pigments.
Credit: Akzo Nobel Photo
Akzo's powder coatings come with a variety of pigments.

Akzo Nobel has bought out its partner in an Asian powder coatings joint venture, acquiring the 17% of shares it did not already own from Chang Cheng Securities. The venture includes operations in China, Taiwan, and Hong Kong. In a second deal, Akzo has received approval from the European Commission to sell its inks and adhesives resins to Hexion Specialty Chemicals and has completed the transaction.

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