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AkzoNobel Completes Mauvilac Acquisition

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

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

AkzoNobel completed the acquisition of 100% of the shares of Mauvilac Industries Limited, a paint and coatings company in Les Pailles, Mauritius. 
 
The transaction includes a local production facility, four concept stores and access to a strong distribution network.
 
The business generated revenue of around €20 million in 2018. Its portfolio consists of 85 percent decorative paints and 15 percent coatings, offering a wide range of professional and consumer products.

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