in brief

AkzoNobel completes Boxing acquisition

AkzoNobel completed its acquisition, January 10, of China’s leading speciality surfactant producer, Boxing Oleochemicals. Boxing is a supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications.
Established in 1993 and based in the province of Shandong, Boxing had revenues in 2010 of approximately €100M. Its activities will be integrated into AkzoNobel’s surface chemistry business.

World nanocoatings market to grow by 2017

Global revenues for nanocoatings in 2017 are optimistically estimated to be US$7821M, according to the study ‘The World Market for Nanocoatings’ by Future Markets Inc.
The market for nanocoatings will grow across all sectors over the next 5-10 years; the military market will remain the largest market with anti-corrosion coatings increasingly applied. Anti-corrosion coatings and super hardness will also drive revenues in the oil and gas industry, for protective surfaces in pipelines and harsh environments and on drilling equipment.

IMCD to distribute Arizona’s product lines

Arizona Chemical and IMCD Group BV have reached an agreement for IMCD Group to distribute Arizona Chemical’s refinery product lines in Western Europe. IMCD will assume responsibility for the commercial relationship, technical support and logistics for the customers it serves.

Tikkurila completes divestment of two stores
Tikkurila has completed the sale of its two retail stores in Sweden. All the shares in Färgglädje Måleributiken i Alvik AB, as well as the assets of Alcro-Beckers AB’s retail store in Uppsala, Sweden, were transferred to the buyers on December 30, 2011.  The purchase price was SEK25M (about €2.7M) and the buyers in the transaction included Niklas Frisk, acting earlier as the head of Tikkurila’s SBU Scandinavia.

AkzoNobel partnership with University > X-Rite launches Instrumentation and Quality...