Nippon Paint (USA) Inc., a subsidiary of Nippon Paint Co. Ltd. of Osaka, Japan, has reached an agreement with Protech Chemicals Ltd. to sell the powder coating business of NPA Coatings Inc. (NPAC), also known as Seibert Powder Coatings.
Paint and coating manufacturer Akzo Nobel N.V. (AkzoNobel) posted a net profit in the third quarter despite a five-percent dip in revenues due to adverse currency effects and divestments.
Axalta Coating Systems, formerly DuPont Performance Coatings, is establishing new headquarters for both its corporate and its North America operations.
RPM International Inc. announced that outstanding performance in the company's consumer segment and more modest gains in its industrial segment resulted in significant increases in sales, net income and diluted earnings per share for the fiscal 2014 first quarter ended August 31, 2013.
At the announcement of its second-quarter results in July, AkzoNobel announced that it had identified further efficiency and cost saving measures that would require €120 million of restructuring charges in the second half of 2013.