Orkla expands in painting tools in the Netherlands and Belgium
Orkla has entered into an agreement to increase its ownership to a 50% stake in the joint venture company Anza Verimex NV. At the same time, Orkla will take over 50% of the painting tool operations in PGZ International B.V. ("PGZ"). Combined, these companies are market leader in this category in the Netherlands and Belgium. Through its Orkla House Care business unit, Orkla is a leading supplier of painting tools in the Nordic region and the UK, and one of Europe's largest painting tool manufacturers. Upon completion of today's agreement, Orkla will also be market leader in the sale and