Akzo Nobel NV (AMS:AKZA) AkzoNobel Finalizes Acquisition Of LII Europe Activities

Akzo Nobel NV (AMS:AKZA) AkzoNobel has completed the acquisition of the business and assets of the German-based company LII Europe. The acquired activities will be integrated into AkzoNobel Industrial Chemicals. Financial details were not disclosed.
LII Europe operates a multi-client chlorine cluster on the Hoechst Industrial Park near Frankfurt. As well as its main chlorine activities, the company also runs a chlorinated hydrocarbon plant, along with calcium chloride and solid caustic facilities.

"We are pleased that we have been able to conclude the deal so quickly," said Rob Frohn, the AkzoNobel Board member responsible for Specialty Chemicals. "LII Europe's activities will strengthen the position of our Industrial Chemicals business, especially in the European caustic market, as well as extending our regional scope."

Added Werner Fuhrmann, General Manager of AkzoNobel Industrial Chemicals: "Our ambition is to become the leading chlorine and caustic merchant in Europe, focusing in particular on the local production and supply of chlorine, and the regional supply of caustic lye and hydrochloric acid.

"This concept has been successful for many years at our existing chlorine production sites and the LII Europe activities fit perfectly into this set-up. We also have great confidence in LII's customer base."

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Note to editors AkzoNobel is proud to be one of the world's leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals - pro forma 2007 revenue totaled €14.4 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life's essentials. We think about the future, but act in the present. We're passionate about introducing new ideas and developing sustainable answers for our customers. That's why our 60,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today(TM).

Not for publication - for more information Akzo Nobel nv Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7856 Contact: Oskar Bosson Contact: Huib Wurfbain , Ivar Smits

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