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AkzoNobel Acquires Xylazel S.A.

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

Akzo Nobel N.V. acquired Xylazel S.A. a whole subsidiary of Pharma Mar S.A.
 
Xylazel has about 100 employees and a production facility in Porriño. Revenue for 2017 totaled approximately €20 million.
 
“As a part of our transformative strategy, we continue to focus on leading market positions delivering leading performance,” AkzoNobel CEO Thierry Vanlancker said. “This couples organic growth with strategic bolt-on acquisitions on top of operational excellence and continuous improvement. .”
 
“Xylazel has a 43-year-old heritage on the Spanish market and a leading position in DIY, professional and industrial sectors of wood protection,” AkzoNobel Chief Operation Officer Ruud Joosten said.
 
“We are happy to have found a good home for Xylazel with AkzoNobel.,” PharmaMar CEO José María Fernández Sousa-Faro added. “…[We] see a strong match in the combination.”
 

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