Akzo Nobel N : AkzoNobel completes acquisition of Mauvilac and strengthens its position in Sub Saharan Africa

AkzoNobel has completed the acquisition of 100% of the shares of Mauvilac Industries Limited, a leading paints and coatings company in Mauritius.

The transaction includes a local production facility, four concept stores and access to a strong distribution network.

The acquisition of Mauvilac strengthens AkzoNobel's footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market.

The business generated revenue of around EUR20 million in 2018 and is a leading decorative and specialty paints and coatings manufacturer headquartered in Les Pailles, Mauritius. Their portfolio consists of 85% decorative paints and 15% coatings, offering a wide range of professional and consumer products.

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