By Adria Calatayud

ACQUIRER: Akzo Nobel NV (AKZA.AE), a Netherlands-based paint maker.

TARGET: Malaysian paints and coatings manufacturer Colourland Paints Sdn Bhd and Colourland Paints (Marketing) Sdn Bhd.

PRICE: Undisclosed.

RATIONALE: The acquisition strengthens the company's business in Asia and expands its product offering and distribution network, Akzo Nobel said.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

November 01, 2018 05:19 ET (09:19 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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