Akzo Nobel India Ltd announced on January 6 that its parent company, Akzo Nobel NV (ANNV), has proposed a strategic evaluation of the company’s powder coatings business and its international research center. The proposal includes a potential sale of these operations to an indirect wholly-owned subsidiary of ANNV.
In a regulatory filing, Akzo Nobel India stated that ANNV has requested the company’s board to begin exploring steps toward the proposed transactions. Additionally, the evaluation includes Akzo Nobel India potentially acquiring the intellectual property for decorative paints owned by ANNV.
At a board meeting held on January 6, 2025, the directors authorized management to start the exploratory process. The company emphasized that any final decision will depend on further review and compliance with legal and procedural norms. “The Board has authorized the management to take necessary steps to assess and evaluate these potential transactions,” the filing noted.
Akzo Nobel India is a leading manufacturer of paints and coatings, known for its wide range of products that cater to both industrial and decorative applications. A subsidiary of the global coatings giant Akzo Nobel NV, the company has built a strong presence in the Indian market with a focus on innovation, sustainability, and high-performance solutions.
Akzo Nobel India offers a diverse portfolio, including decorative paints, industrial coatings, and specialty chemicals, serving various sectors such as automotive, construction, and consumer goods. With a commitment to quality and environmental responsibility, the company leverages advanced technologies and a robust research and development network to drive growth. Additionally, Akzo Nobel India plays a key role in the parent company’s global operations, contributing to its strategic initiatives in the region.
