AkzoNobel completes acquisition Boxing Oleochemicals

AkzoNobel completes acquisition of Boxing Oleochemicals

1:06 AM, 10th January 2012
AkzoNobel completes acquisition of Boxing Oleochemicals

AMSTERDAM, THE NETHERLANDS: AkzoNobel has completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications. Boxing had revenues in 2010 of approximately €100 million; its activities will be integrated into AkzoNobel’s Surface Chemistry business. Demand in Asia for amines and derivatives is being driven by population growth, the expanding middle class, increased focus on sustainability and the build-up of infrastructure. The acquisition underlines the company’s determination to accelerate growth and to build leadership positions across all global markets, in line with AkzoNobel’s Value and Values strategy.

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