Akzo Nobel to acquire Germany’s second largest coatings wholesaler

Citation

(2004), "Akzo Nobel to acquire Germany’s second largest coatings wholesaler", Pigment & Resin Technology, Vol. 33 No. 5. https://doi.org/10.1108/prt.2004.12933eab.021

Akzo Nobel to acquire Germany’s second largest coatings wholesaler

Akzo Nobel to acquire Germany’s second largest coatings wholesaler

Akzo Nobel’s decorative coatings business is to acquire Timpe & Mock, the second largest decorative paint wholesaler in Germany. Employing around 400 people in 20 outlets in Northern Germany, Timpe & Mock specializes in supplying the professional trade and paint sector, as well as DIY retail outlets. The company has annual sales of around EUR 125 million. Commenting on the take-over, Rudy van der Meer, Member of Akzo Nobel’s Board of Management responsible for coatings, said: “This acquisition is a major step in our strategy to increase our presence in Germany, the largest coatings market in Europe.”