AkzoNobel

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 45,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

Type
Subsidiary
Parent Company
PPG Industries
HQ
Amsterdam, NL
Founded
1994
AkzoNobel was founded in 1994 and is headquartered in Amsterdam, NL

AkzoNobel Office Locations

AkzoNobel has an office in Amsterdam

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AkzoNobel Summary

Founding Date

1994
AkzoNobel is a subsidiary of PPG Industries

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AkzoNobel News and Updates

AkzoNobel takeover saga rumbles on: Another shareholder is unhappy

Another AkzoNobel shareholder has put pressure on the paints maker over its handling of the PPG takeover approach. The Dutch maker of Dulux rejected a third takeover offer, valued at €26.9bn (£22.7bn), from US rival PPG this week. Read more: Elliott launches legal petition to oust AkzoNobel ch…

Elliott launches legal petition to oust AkzoNobel chairman

Activist investor Elliott Advisors has launched legal action to oust AkzoNobel chairman Antony Burgmans. The hedge fund, which has worked to push the Dutch paint giant into takeover talks with US rival PPG, called Akzo's rejection of PPG's third proposal a " flagrant breach of AkzoNobel's boards'…

Activist to paint firm: Do what we say or 6,400 staff could lose their jobs

Activist investor Elliott isn't giving up easily. And today its public spat with the management of Dutch paint giant AkzoNobel ratcheted up another notch. Elliott commissioned a study that concluded around 6,400 people will lose their jobs if the AkzoNobel continues with its current plans. US …

AkzoNobel rejects "damaging" Elliott proposal to vote on dismissal of chair

AkzoNobel has rejected calls by activist investor Elliott Advisors to hold a vote on the future of its chairman. Elliott led a group of shareholders in asking Akzo for an extraordinary general meeting (EGM) to vote on the proposed sacking of Antony Burgmans. But the company said it would not b…

PPG Industries increases AkzoNobel takeover offer to $28.8bn

US firm PPG Industries has made another takeover offer for Dutch paints company AkzoNobel. The latest bid, made after two other offers were rejected last month, values the Dulux maker at €26.9bn (£22.5bn). The latest bid is worth €96.75 per share, above the last offer of €88.72. The latest off…

No let-up for AkzoNobel: Paint company's makeover fails to impress Elliott

Activist hedge fund Elliott Advisors was unimpressed by AkzoNobel’s scheme to win over shareholders this morning. The Dutch paints company, which makes Dulux, today set out plans to return €1.6bn (£1.3bn) and spin off its chemical business. The firm also raised its earnings targets and guidance f…
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