Akzo Nobel to acquire Germany’s second largest coatings wholesaler

Pigment & Resin Technology

ISSN: 0369-9420

Article publication date: 1 October 2004

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

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited


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.”