![]() The company has already acquired several businesses within the paints and coatings industry in the last 18 months, such as Titan Paints in Spain and New Nautical Coatings in the US. The acquisition will allow AkzoNobel to better serve its global customers and enter in new markets. Grupo Orbis operates in ten countries and has a revenue of around COP €260 million. Orbis was founded in 1921 and is based in Colombia. Likewise, we find great opportunities for the development of our employees and our clients, who will be able to access an enlarged and more complete portfolio,” added Andres Bernal, CEO of Grupo Orbis. Orbis ensures that the organization is the best investment option for our shareholders. We strongly believe there are several benefits, such as access to technology and innovation pipelines. “This agreement represents an important growth opportunity for Orbis Group’s companies. We’ll be able to access highly complementary geographical positions in several new countries in the Andean, Central America and Antilles regions, including Colombia, which is the third largest in the region,” commented Daniel Campos, AkzoNobel’s Regional Director for South America. ![]() “It’s an historic opportunity which offers attractive growth potential across both paints and coatings. It will expand our long-term position across South America by establishing us as a frontrunner in the Andean region and in Central America, where several countries are high on the global growth rankings for the next decade,” stated Thierry Vanlancker, CEO of AkzoNobel. En caso de tener alguna inquietud, comuníquese con nuestra línea de atención, Medellín: 3567003 y 3567000 ext. “This is an excellent intended acquisition which aligns perfectly with our Grow & Deliver strategy of creating leading global positions and driving growth in emerging markets. The transaction – that includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services) – is waiting for the regulatory approvals and is expected to be finalised in the early months of 2022 at the latest. Has reached an agreement to acquire Grupo Orbis, a Colombian paints and coatings company that will allow to further expand AkzoNobel’s position in Central and South America. Leading Partner(s) Ronald Lachner, Uri Weinstock, Adriana CastroĬOUNSEL TO AKZO NOBEL COATINGS INTERNATIONAL B.V.AkzoNobel is expanding its position in South and Central America by acquiring Colombia-based paints and coatings company Grupo Orbis. Other Lawyers Jorge Duque, Martin Pallares, Daniel Peré Vietri Participatory Action Research ( PAR ) and the Colombian Peasant Reserve. Other Lawyers Emilia Arango, Carlos Múnera, Felipe Pardo, Daniel Meza, David Ulloa Leading Partner(s) José Alejandro Torres, Juan Guillermo Ruiz, Mariana Posse, Natalia Escobar is a Colombian company specialized in paints and chemicals with a presence in over ten (10) countries in Central America, South America and the Antilles.Īnnouncement date: Tuesday, June 29, 2021Ĭross-border matter: Colombia, Curacao, Aruba, Perú, Ecuador, Panamá, Costa Rica, Nicaragua, El Salvador, Guatemala, Honduras.ĬOUNSEL TO SHAREHOLDERS OF GRUPO ORBIS S.A. ![]() ![]() For the first time in the history of the Colombian Stock Exchange, one hundred percent (100%) of the shares of a public company were transferred directly to a purchaser, without the need for a tender offer. to Akzo Nobel Coatings International B.V., Akzo Nobel Colombia S.A.S., AkzoNobel (C.) Holdings B.V., Panter B.V. Titan, a trust managed by BTG Pactual Sociedad Fiduciaria S.A., transferred 100% of the shares of Grupo Orbis S.A. On April 21, 2022, after satisfying the conditions precedent set forth in the share purchase agreement dated June 29, 2022, including merger clearances in multiple jurisdictions and a corporate reorganization to carve-out the excluded assets from the transaction, the P.A. ![]()
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