Akzo Nobel Sells European Plastic Tubes Business
Akzo Nobel Sells European Plastic Tubes Business Arnhem, the Netherlands, January 14, 1999. - Akzo Nobel N.V. has sold its U.K. based Plastic Tubes business to the existing senior management team of the business. Plastic Tubes is a leading manufacturer in the U.K. of extruded plastic tubes primarily for the toiletries and cosmetics markets. The acquisition of Courtaulds by Akzo Nobel became unconditional on July 7, 1998. Courtaulds had previously announced that it intended to sell its Polymer Products group of businesses, comprising Packaging and Performance Films. Akzo Nobel is continuing