Sale of Ceilcote (Germany) to Akzo Nobel
KCH Group (Germany) has sold Ceilcote to Akzo Nobel. Ceilcote is a major global brand in the area of corrosion protection solutions for concrete and steel structures particularly in the petrochemical, power, and mining industries.
Akzo Nobel, listed at Euronext Amsterdam, is the world market leader in coatings. The company employs about 62,000 people located at operating subsidiaries in more than 80 countries. Consolidated revenues for 2006 totalled Euro 13.7 billion. The Ceilcote acquisition will strengthen the protective coatings portfolio of Akzo Nobel.
Our German network partner Close Brothers Germany acted as exclusive advisor to KCH Group and liaisoned with PhiDelphi in this transaction.