Akzo Nobel acquires Flood Company.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. , Arnhem, the Netherlands, has announced the acquisition of The Flood Company, the largest independent woodcare business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Established in 1847, The Flood Company specializes in exterior wood finishes. The Flood Company's annual sales turnover is approximately $55 million. Its exterior wood coatings product line, which uses the company's pioneering Penetrol[R] paint additive technology, accounts for about 90% of its sales. The company also produces a range of products for the restoration of vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. and shutters. "Following on from the acquisition of Sico, Canada's leading decorative coatings company, this transaction allows Akzo Nobel to exploit another attractive segment of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. coatings market," explains Hans Wijers, Akzo Nobel CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and member of the Board of Management responsible for Coatings. "We are already firmly established in wood coatings in North America through our Sikkens brand. Acquiring Flood and its successful portfolio of products will now enable us to create a focused retailer, dealer, professional contractor, and consumer woodcare business, and reinforce our current market position in the U.S., making us one of the leading players in this sector." The Flood Company will continue to operate its manufacturing facilities in Hudson, OH. [ILLUSTRATION OMITTED] |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion