Keywords
Citation
Bean, J. (1999), "Record year for acquisitions", Pigment & Resin Technology, Vol. 28 No. 4. https://doi.org/10.1108/prt.1999.12928daa.002
Publisher
:Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
Record year for acquisitions
Record year for acquisitions
Keyword: Acquisition
Still on the subject of mergers and acquisitions, we would draw readers' attention to a new english language edition of Newsletter, from Kaffenberger AG, Fax: + 41 27 924 34 57; http://www.ccpress.com/kaffenberger.htm
It informs us that in 1998 there were more than 211 mergers and acquisitions in paints and coatings, printing inks, adhesives and sealants, construction chemicals as well as their respective supply industries. Between the ten most active buyers, five belong to the top ten of the coatings industry.
Over 2,200 independent paint and coating manufacturers exist in Europe, and worldwide this figure is over 10,000. Accordingly, coating firms were the most common target of acquisitions.
The Newsletter also reports that US companies are also on a vigorous buying tour in Western Europe and now have over 15 per cent control of the West European coatings industry.