Akzo Nobel Buys Polish Distributor of Car Refinishes.ARNHEM, Netherlands--(BUSINESS WIRE)--Dec. 23, 1997--Akzo Nobel has reached agreement on the purchase of all car refinish re·fin·ish tr.v. re·fin·ished, re·fin·ish·ing, re·fin·ish·es To put a new finish on (furniture). re·fin activities of its Polish and Czech distributor Mr. P. Vat. Financial terms were not disclosed. "This acquisition will strengthen the fast growing Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. car refinishes activities in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. , a strategic growth area," said Cor de Grauw, general manager of the Akzo Nobel Car Refinishes unit. "The acquisition will enable Akzo Nobel to develop and improve services for customers in the rapidly expanding Polish car refinishes market." Mr. Vat, based in Wroclaw, Poland, successfully introduced Akzo Nobel's Sikkens products to the Czech and Polish markets during the 1980s. His Polish business operates through a nationwide distribution network, supported by car refinish training centers in Wroclaw, and more recently, Gdynia. The acquired businesses will operate through Akzo Nobel Polska Sp. Z.o.o. in Warsaw. In the eastern part of Europe, Akzo Nobel Car Refinishes now operates through own organizations in Hungary, Turkey and Poland, and worldwide through a network of importers. Akzo Nobel, headquartered in Arnhem, the Netherlands, is a market-driven and technology-based company, serving customers throughout the world with healthcare products, coatings, chemicals, and fibers. The company employs 70,000 people and has activities in more than 60 countries. In 1996, consolidated sales aggregated NLG NLG The ISO 4217 currency code for the Dutch Guilder. 22.4 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12 billion). Coatings activities represented NLG 7.4 billion, or 33% of total sales. Akzo Nobel is a world-leading producer of paints, finishes, stains This article is about the French commune. For the town in Surrey, England, see Staines. For other uses, see Stain (disambiguation). Stains is a commune in the northern suburbs of Paris, France. It is located 11.6 km. (7.2 miles) from the center of Paris. and synthetic resins for industrial applications, professional users and the do-it-yourself sector. CONTACT: Akzo Nobel Nick Sommers, 312/906-7612 |
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