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    Thursday, November 12, 2009

    Akzo Nobel To Buy Dow Chemical Powder Coating Ops

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    By Sarah Turner
    MarketWatch Pulse
       

      LONDON -- Chemicals group Akzo Nobel said Thursday that it will buy Dow Chemical Company's powder coatings activities. Financial details were not disclosed. The deal will bring key technological know-how and significant synergy potential to AkzoNobel's Powder Coatings business, as well as enhancing the company's position in the U.S., it said. The powder coatings activities were purchased by Dow earlier this year as part of its acquisition of Rohm & Haas. This business has sales of several hundred million dollars and employs around 700 people.

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