Akzo Nobel buys resistant coatings firm Enviroline

27 October 2008 10:59  [Source: ICIS news]

LONDON (ICIS news)--Akzo Nobel has bought the Enviroline tank linings and corrosion control coatings business from Florida-based Industrial Environmental Coatings Corp, it said on Monday.

Financial details of the transaction, which includes goodwill, intellectual property and dedicated employees, were not disclosed.

Enviroline supplies corrosion resistant coatings mainly for the oil and gas industries and specialist tank linings for chemical storage vessels.

Akzo Nobel said the acquisition would expand and extend its paints product range and its ability to serve customers in the global oil and gas industries.

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By: Nigel Davis
+44 20 8652 3214

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