Paints & Coatings Industry: Key Acquisition Activities; Year-End Review 2021

Category: Professional

Paints & Coatings is one of the best ways of presenting the beautiful, colorful, and protective life around us in nature. The year 2021 is about to end with positivity and motivation in life and businesses with so many life-learnings and business learnings after the pandemic effect of covid-19 in 2020. The different waves of covid-19 in some of the countries & other mutants like omicron are still affecting many lives, however, the governments and the corporates are supporting people with vaccines doses and other safety guidelines at a larger scale to minimize and check the spread of the covid-19 virus around the world. The year 2020 and 2021 gave opportunities to big players in paints and coatings to target companies to acquire strategically to increase their market share as well as product lines or technologies expertise. The following are the notable merger & acquisition activities or news that were shared by the companies in the paints and coatings industry in 2021 (March-December): (Let's review it in the ascending order of months) March 2, 2021: AkzoNobel announced that it has completed the acquisition of 100% of the shares of Industrias Titan S.A.U. (Titan Paints, best-known brand in Spain), strengthening its paints business and footprint in Spain. This acquisition has added three production facilities and seven logistics and service centers for decorative paints to AkzoNobel. Read more here: https://www.akiresearch.com/post/paints-coatings-acquisitions-2021