Akzo Nobel – restructuring (carve-out) and sale of its Building Adhesives business

TGS advised Akzo Nobel in the project of restructuring (carve-out) and further sale of its Building Adhesives business to Sika AG. The transaction involved the transfer of business in many jurisdictions in Europe, including the transfer of approximately 550 employees, two manufacturing facilities in Rosendahl (Germany) and Damville (France) as well as its products and brands.

AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals, with operations in more than 80 countries. Its product portfolio includes well-known brands such as Dulux, Sikkens, International and Eka.