Mid-June Dutch group AkzoNobel entered into an agreement to acquire 100% of the shares of Fabryo Corporation S.R.L. (Fabryo), owned since 2009 by Swedish investment fund Oresa Ventures.
The acquisition will make AkzoNobel the leader in the Romanian decorative paints market.
The transaction includes two production facilities and six distribution centers for decorative paints, adhesives and mortars, including one of the largest decorative paints factories in the region, with capacity for further expansion.
The planned transaction is expected to be completed in the second half of 2018, subject to regulatory approval.