Akzo Nobel to Acquire Switzerland's Leading Paint Company

ARNHEM, the Netherlands - Akzo Nobel's Decorative Coatings business has initiated the latest phase of its competitive European expansion strategy by signing an agreement to acquire Swiss Lack, Switzerland's leading paint company. The deal - which will see Akzo Nobel become the biggest coatings company in Switzerland - includes taking over the Swiss Lack® portfolio, as well as its large commercial distribution network.