AMSTERDAM (dpa-AFX) - Akzo Nobel NV (AKZOY, AKZOY.PK) said it intends to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Italian based packaging coatings producer Metlac. Financial details were not disclosed. Akzo Nobel expects to finalize the acquisition in the second quarter of 2012.
According to Leif Darner, executive committee member responsible for Performance Coatings, 'This acquisition will reinforce our customer offering and links perfectly with the strategy to strengthen our positions in core markets.'
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