Akzo Nobel Company Description
Akzo Nobel is the world's largest paint maker, but it can do more than paint a picture. The company is among the world's largest chemical manufacturers and a major salt producer. Akzo Nobel divides its business into two lines. Its coatings group makes decorative paints, automotive finishes, and industrial coatings. The specialty chemicals unit makes pulp and paper chemicals, functional chemicals (flame retardants, crop nutrients), surfactants, and catalysts. A third unit, pharmaceuticals, produced contraceptives, fertility treatments, antidepressants, OTC drugs, and veterinary medicines. Akzo sold the unit, called Organon, to Schering-Plough for $14 billion in 2007; the next year it bought ICI for $16 billion.
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The Company Description provides a historical perspective of Akzo Nobel's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Akzo Nobel's evolution in the marketplace.
