AkzoNobel Acquires Mauvilac in Sub Saharan Africa

AkzoNobel has completed the acquisition of 100 percent of the shares of Mauvilac Industries Limited, a paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores, and access to a strong distribution network, according to AkzoNobel.

The company stated that the acquisition of Mauvilac strengthens AkzoNobel’s footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market. The business reportedly generated revenue of around €20 million in 2018 and is a leading decorative and specialty paints and coatings manufacturer headquartered in Les Pailles, Mauritius.

The post AkzoNobel Acquires Mauvilac in Sub Saharan Africa appeared first on American Coatings Association.

from American Coatings Association https://www.paint.org/akzonobel-acquires-mauvilac-in-sub-saharan-africa/
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