Akzo Nobel Buys Into Ukrainian Paint Company

ARNHEM, the Netherlands - Akzo Nobel is set to become one of the leading suppliers to the Ukrainian decorative-paint market after signing an agreement to acquire a 51-percent controlling share in the coatings activities of Khimrezerv. Headquartered in Kiev, Khimrezerv's paint business employs 225 people and manufactures and sells waterborne and solventborne decorative coatings.