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In 2007 Organon International was sold to Schering-Plough for €11 billion and AkzoNobel delisted its shares from the US NASDAQ stock market. In 2008 Crown Paints was sold in a management buyout. [13] In December 2012, AkzoNobel agrees to sell its North American Architectural Coatings business to PPG Industries for $1.1 billion. [14]
International Paint is now the leading brand of AkzoNobel's Marine & Protective Coatings business unit, [2] which has approximately 5,500 employees in more than 60 countries. The Felling site is the largest, with close to 1,000 employees, hosting the business unit headquarters, brand staffing and production, as well as the personnel of other ...
ICI Paints was formed in 1926. The Dulux paint brand was introduced in 1931. [2] The name Dulux is derived from the words Durable and Luxury. In the early days of its existence, decorators and their suppliers were the main customers for Dulux, with Say Dulux to your decorator used as an advertising slogan in the 1950s.
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Glidden is an American paint brand, manufactured by PPG Industries. Glidden was purchased by British conglomerate ICI in 1986, which in turn was later acquired by Dutch conglomerate AkzoNobel in 2008. PPG Industries announced an agreement to acquire Glidden from
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In May 2012, AkzoNobel, the new parent company, demerged ICI Pakistan into two companies: AkzoNobel Pakistan focused on paint business, and ICI Pakistan, focused on soda ash, polyster fiber, pharmaceuticals, and animal health. [4] Later, in the same year, Yunus Brothers Group acquired the company for $152m from the Dutch paints giant AkzoNobel. [2]
"With this acquisition, PPG has expanded its reach in all three major North American distribution channels, including home centers, independent paint dealers and company-owned paint stores.