AkzoNobel NV
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AkzoNobel is a Dutch paints and performance coatings multinational company based in the Netherlands. It operates through two business segments:
- Decorative Paints: a range of products, including paints, lacquers and varnishes. It also offers a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood and other critical building materials.
- Performance Coatings: paints and coatings for ships, cars, aircraft, yachts and architectural components (structural steel, building products, flooring), consumer goods (mobile devices, appliances, beverage cans, furniture), and oil and gas facilities.
Climate Policy Rating: InfluenceMap A[1]
Brands
ToDo: Brands
- Alba
- Astral
- Awlgrip
- Bruguer
- Coral
- Dissolvine
- Dulux
- Dulux Valentine
- Eka
- Expancel
- Flexa
- Hammerite
- International Paint
- Inca
- Interpon
- Jozo
- Kromasil
- Levasil
- Levis
- Marshall
- Sadolin
- Sikkens
- Vivechrom
- ...
Company
Total float: 81.8%
- 4.20% MFS Investment Management
- 4.20% Natixis SA § Harris Associates LP
- 3.38% Causeway Capital Management LLC[1]
- 3.36% Dodge & Cox
- 3.14% Vanguard Group Inc
- 3.11% AkzoNobel NV
- 3.08% Elliott Management Corporation
- 3.03% Norges Bank Investment Management
- 2.88% Capital Research & Management Company (World)
- 2.25% Capital Research & Management Company (Global)
Timeline
AkzoNobel
- Mar.2017: PPG Industries Inc launched a takeover bid of AkzoNobel, egged on by Elliott Advisors, Templeton Global Advisors Ltd and Columbia Threadneedle Investments; Universities Superannuation Scheme later entered the fray. PPG abandoned pursuit in Jun.2017. ref,ref,ref,ref
- Apr.2013: PPG acquired AkzoNobel's North American architectural coatings business, including Glidden, Liquid Nails, and Flood brands. ref,[2]
- Oct.2010: National Starch was sold to ingredient provider Ingredion Inc#Corn Products International Inc.ref
- Oct.2008: UniQema was sold to Croda International plc.ref,ref (Note: See here for Vantage/Oleochemicals aka UniQema's background.)
- Apr.2008: National Starch's Adhesives and Electronic Materials businesses (inherited from the ICI acquisition) was sold to German company Henkel AG & Company KGaA, making its Adhesive Technologies its largest business unit.ref,ref
- Apr.2008: AkzoNobel launched its new corporate brand: a subtle name change from "Akzo Nobel" to "AkzoNobel", a new logo, and a new brand architecture.ref,ref
Akzo Nobel
Jan.2008: ICI was acquired. Following the acquisition, to satisfy the concerns of the European Commissioner for Competition, the company was restructured, with some businesses being divested, and the remainder being absorbed.ref
- ICI's adhesives business was transferred to Henkel AG & Company KGaA.ref
- ICI's Crown Paints subsidiary was sold to Hempel Fonden, a privately-owned international coatings supplier for the decorative, protective, marine, container and yacht markets.ref
Mar.2007 | Akzo Nobel sold its pharmaceuticals business to Schering-Plough Corporation.[3] |
Jul.2003 | Akzo Nobel announced the divestment of businesses as part of an overall strategy to improve financial results. The company said cost-cutting plans would primarily target the company's pharmaceuticals operations, with the majority of divestments involving its chemicals business. ref |
?date? | Ferro Corporation's powder-coatings business was acquired, including manufacturing sites in China and Korea, and a new site in Vietnam.ref |
May.2001 | Akzo Nobel Aerospace Coatings began construction of a manufacturing facility in Sassenheim.ref |
Oct.2000 | PRC-DeSoto International Inc, formerly Courtaulds Aerospace, was sold to PPG Industries Inc to reduce the debt load incurred by the Courtaulds acquisition. (Renamed as "PPG Aerospace PRC-DeSoto International Inc".) ref,ref,[Industrial Paint & Powder;Jul99, Vol. 75 Issue 7, p.6] PRC-DeSoto, formerly Courtaulds Aerospace Inc, has manufacturing operations in the USA and Europe, along with application support centers around the world. Akzo Nobel continued to serve the aerospace industry through wholly-owned Akzo Nobel Aerospace Coatings, which supplied a full range of coatings for aerospace applications.ref,ref The fibres business, now known as Acordis, will be demerged.ref |
1998 | Courtaulds was acquired through a friendly take-over. |
1994 | Monsanto and Akzo Nobel agreed to merge their rubber and chemical operations into a 50/50 joint venture, based in Belgium. |
FixMe: ToDo: Akzo Nobel origins. |
Akzo NV
- Sept.1987: Stauffer Chemical Company's Specialty Chemicals businesses were purchased from Imperial Chemical Industries.[4]
ToDo: origins
Nobel NV
ToDo:
Imperial Chemical Industries
In Jan.2008, ICI was acquired by AkzoNobel.ref The adhesives business was sold to Henkel AG & Company KGaA.ref
The Crown Paints subsidiary, the 2nd largest decorative coatings manufacturer in the UK, was sold to Hempel Fonden, a privately-owned international coatings supplier for the decorative, protective, marine, container and yacht markets.ref The remaining operations were hived up.ref
See main article: Imperial Chemical Industries
Courtaulds Ltd
- 2008: Devoe High Performance Coatings, a business obtained through AkzoNobel’s acquisition of ICI, was hived up.
- ?dates?: Expansion: the company expanded via selective acquisitions, particularly in Performance Coatings, where additions included Ceilcote corrosion control coatings, and Enviroline coatings and linings.
- 1998: AkzoNobel took over Courtaulds. Courtaulds’ Aerospace business was sold to PPG Industries Inc due to competition issues, and to reduce the debtload incurred by the acquisition. (Renamed as PRC-DeSoto International Inc.)ref,ref Other coatings operations were realigned during the period of integration following takeover.
- 1998: Courtaulds' most profitable activity was the Coatings & Sealants division, and plans were announced to demerge it as a separate business. This prompted an offer from Dutch company AkzoNobel for the entirety of Courtaulds, which was accepted.
- ?dates?: International Paint took full control in Europe of a marine business in Norway, previously partly-owned. Awlgrip, a USA business specialising in products for the world-wide Superyacht market, complemented the existing International and Interlux products, enhancing the service to yacht paint customers.
- Oct.1990: DeSoto Inc sold its industrial coatings business to Courtaulds. The deal added trade paints and aerospace coatings to the product mix. (DeSoto was left with a household detergent business suppling Sears, Roebuck & Co. and Lever Brothers, et al.)ref
- 1987: Porter Paints Company was acquired by Courtaulds.ref
- 1980s-1990s: Expansion: Singapore, a company base for some time, became the springboard for expansion into Korea, Malaysia, Thailand, China, Taiwan and Indonesia, mostly through joint operations with local companies.
- 1970s-1980s: Expansion: many additions, new markets and growth, as well as consolidations and disentanglements, and a reduction in the number of markets they supplied.
- 1974: Expansion: International Paint opened a new factory at Felling, acquired powder businesses in Germany, Brazil and Italy and started producing in the Far East and Australia.
- 1968: International Paint was acquired by Courtaulds, which set about merging all its coatings interests under the "International Paint" banner. Sales and production forces with overlapping interests were amalgamated, and overseas subsidiaries were consolidated with some activities sold off.
- 1960: Pinchin Johnson & Associates Ltd was taken over by Courtaulds.
- 1958: Cellon, an aircraft coatings specialist, was acquired by Courtaulds plc, which had decided to move into paints.
- 1940: British Nylon Spinners was established as a 50/50 joint venture with ICI.ref In 1929, ICI had negotiated an agreement with DuPont which gave it access to DuPont's nylon technology; but knew little about the industry. The BNS venture brought Courtaulds' know-how to ICI's table. ref, p.23 In 1964, ICI acquired Courtauld's 50% interest.
Pinchin Johnson & Company
Pinchin Johnson had become a large global conglomerate in its own right, supplying paint for a whole range of industrial end-uses, from food cans to cars. By 1930, Red Hand, Docker Brothers and Robert Ingham Clark were just some of the many associates grouped under the company’s umbrella, servicing customers that included automotive, aviation, packaging, building, passenger transport and domestic appliance industries. Overseas, Pinchin Johnson had businesses in Europe, Australia, New Zealand and India, with smaller operations in the USA, Nigeria and the Far East.
- Inter-Wars: Expansion: further growth in Spain, Canada, Brazil, Mexico, Australia and New Zealand, and expanded into domestic and industrial paints.
- 1914: Expansion: new factories were added in Sweden, France and Japan.
- 1901: Expansion to the United States, where it was registered under the name International Paint Company Inc in New Jersey, with production in Brooklyn, New York.
- 1889: Expansion: production commenced in Russia, Denmark, Italy and Germany.
- 1909: Pinchin Johnson & Company was founded in Silvertown, London.
International Paint
International Paint is now a brand of AkzoNobel's Marine & Protective Coatings division.
- 1904: International Paint built a large factory in Felling-on-Tyne.
- Sept.1899: International Paint Ltd - FixMe: OC, CH, OC
- 1881: Holzapfel Compositions Company Ltd: German brothers Max and Albert Holzapfel, along with Charles Petrie, founded the company in Newcastle upon Tyne, England, hand-mixing marine coatings for the local shipping industry. The name "International Paint" was coined as their brand for a marine antifouling paint.
Sources: link
References
- ^ The A-List of Climate Policy Engagement. Which global companies lead in strategic lobbying for the ambitions of Paris? Rankings measure how a corporation or trade association behaves towards 2°C aligned climate and energy policy. Influence Map, Apr.2018.
- ^ "PPG acquires AkzoNobel's North American architectural coatings business.", PaintIndia, Apr.2013.
- ^ "Akzo Nobel divests pharmaceuticals business", Chemical Week, Mar.28.2007.
- ^ Imperial Set to Sell More Stauffer Units The New York Times, Sept.23.1987.