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Akzo Nobel

Akzo Nobel is to expand its paint manufacturing operation on Tyneside with a new £1m test plant in 2016.

Akzo Nobel has selected Ashington as the preferred location to build a new £100m paints factory by 2014, with the creation of 140 jobs.

Akzo Nobel is to build a new £100m paints factory in Northumberland by 2014, but existing production facilities that employ 220 staff in Prudhoe and Slough will close.

Akzo Nobel is creating 40 jobs at its new £6m fire protection coatings laboratory in Gateshead.

Akzo Nobel has sold Crown Paints, its paint manufacturing business with 1,500 staff at factories in Darwen and Hull, to a management buy-out backed by private equity firm Endless for £70m.

Akzo Nobel has sold Rosemont Pharmaceuticals, the Leeds-based manufacturer of liquid pharmaceuticals with 120 staff, to Biotechnology General of the US for £64m.

Akzo Nobel has sold the recently-acquired Courtaulds plastics packaging and laminate and aluminium tubes businesses to management in a £103m deal.

Akzo Nobel of the Netherlands is set to go-ahead with its £1.83bn takeover of Courtaulds, having agreed to sell two of Courtaulds smaller coatings businesses to the rival bidder PPG Industries of the US.

Akzo Nobel of the Netherlands has launched a £1.8bn agreed takeover bid for Courtaulds, which will make it the largest paints company in the world.

Plascon of South Africa is acquiring Courtaulds' Taubmans architectural coatings operation in Australia for £17m.

Courtaulds is selling Courtaulds Film Cellophane, the packaging film business, to UCB of Belgium for £15m.

Courtaulds is raising £49m from the sale of its Amtico vinyl flooring operation to management, to allow it to focus on coatings and fibres.

Courtaulds is selling its Taubmans architectural coatings New Zealand operation, to Wattyl of Australia.