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AkzoNobel to take 100 percent control of Metlac Group

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian-based packaging coatings producer. AkzoNobel currently is a shareholder in Metlac. This position was inherited from the acquisition of ICI in 2008. The company expects to finalize the acquisition in Q2 2012.

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