AkzoNobel acquires Spanish decorative paints firm Xylazel


AkzoNobel NV (AKZA; AKZOY) has acquired Xylazel SA (Xylazel), a 100 percent subsidiary of Pharma Mar SA (PHM). With this acquisition AkzoNobel strengthens its business and becomes a leader in the decorative paints market in Spain. It also means the company is now the leader in the country’s woodcare segment and has strengthened its position in metal care. The transaction marks the 45-year anniversary of AkzoNobel on the Spanish market. Xylazel has about 100 employees, with one production facility in Porrino. Revenue for 2017 totalled approximately €20 million. Read More

ONCAP has purchased a majority stake in Walter Surface Technologies (Walter), in partnership with the existing management team. The Walter Group will retain a minority interest in the company. Walter is a leading provider of innovative solutions for the metal working industry. Its premium, consumable metal working solutions include abrasives, tooling, power tools, chemical solutions and welding process solutions. The company sells its portfolio of products to a diverse array of end markets, including metal fabrication, transportation, construction, energy, mining, forestry and lumber, food and pharmaceuticals. Read More
By Shivani Mody: Essential oils, absolutes and oleoresin have added a lot of value to the growth of the flavour & fragrance industry as well as agriculture. Today, showing great promising healing powers, various oils are used in aromatherapy for mood relaxation to reduce the side effects of aggressive therapies. However, the use of essential oils is unregulated in the country. The imperative need has therefore been felt for growing essential oil-bearing plants and crops under the diversified farming programme, which have proved to be cash crops offering much better returns to the farmers. Read More
Global electronic chemicals market is expected to rise with CAGR of 7 percent during forecast period 2017-2024. Key factors driving the market growth are high adoption of solar energy, increasing demand for smartphone, computers etc and increasing use of semiconductors in industries such as aviation, defense etc and development of environment friendly chemicals. Decrease in demand of silicon wafers, semiconductor counterfeiting and stringent regulations are expected to restrain the market growth. However, growing advancements and technological inventions in electronic chemicals and wide adoption among end users are expected to provide lucrative market opportunities. Read More
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