AkzoNobel and Omar Zawawi Establishment LLC Established JV

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04 Nov 2013 13:30 Valerie Rose

CHEMMONITOR.COM - The Netherlands-based multinational company producing decorative paints, performance coatings and specialty chemicals bought a 50% interest and management control of Sadolin Paints Oman SAOC to expand its business in the Middle East region.

AkzoNobel established a JV with Sadolin Paints’ promoter and share holder, Omar Zawawi Establishment LLC, which is headquartered in Oman. The agreement is predicted to assist in supporting customers of AkzoNobel in the increasingly important Middle East market.

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