Akzo Nobel to acquire Lindgens assets

Akzo Nobel is to acquire the worldwide assets of the Swedish company Lindgens Metal Decorating Coatings and Inks, including its majority stake in the Server Boya joint venture in Turkey.

The acquisition will complement Akzo Nobel’s own packaging coatings activities, particularly in the market for inks printed on the outside of two-piece metal packaging.

Established in 2005, Lindgens − which achieved 2009 sales of approximately €25m (£21m) − manufactures and markets complete system solutions of coatings and inks for the metal-packaging industry.

Akzonobel’s global packaging coatings business is a supplier of internal and external coatings for beer and beverage cans, food cans, caps and closures, and general line cans.

Financial details of the deal were not disclosed.