AkzoNobel Acquires Majority Ownership of Japanese Joint Venture - aftermarketNews

AkzoNobel Acquires Majority Ownership of Japanese Joint Venture

KAC has been a 50/50 joint venture between the two companies for nearly 40 years.

OSAKA, Japan — AkzoNobel has agreed to acquire a 75/25 majority interest in its Kayaku Akzo Co. Ltd. (KAC) joint venture with Nippon Kayaku.

KAC has been a 50/50 joint venture between the two companies for nearly 40 years. A leading supplier of organic peroxides to Japan, the business has sales offices in Tokyo and Osaka, Japan, as well as a manufacturing and research and development facility in Asa.

The general management of the new organization will effectively remain unchanged and will be governed by an oversight committee of a board of directors representing both AkzoNobel and Nippon Kayaku, who will retain a minority ownership interest.

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