SOURCE: Akzo Nobel NV

September 01, 2010 02:13 ET

AkzoNobel to be the primary paint supplier to Walmart

AMSTERDAM, NETHERLANDS--(Marketwire - September 1, 2010) - AkzoNobel -- the world's largest coatings company -- today announced it has been selected by Walmart to be the primary paint supplier for the retailer's US stores.

The company will develop and manufacture a portfolio of interior and exterior paints for more than 3,500 Walmart stores nationwide. This agreement builds on the existing relationship with Walmart, the world's largest retailer, for paints in Puerto Rico and Canada, and with Liquid Nails® adhesives in the United States.

"This is an excellent opportunity for us to work with Walmart and offer their customers an exciting new in-store program," said Tex Gunning, the AkzoNobel Board member responsible for Decorative Paints. "This is a landmark deal which will significantly boost our market share in the US and contribute to further enhancing the value of our Glidden™ brand there."

Walmart will begin the transition to AkzoNobel early next year.

AkzoNobel Decorative Paints in the Americas (Canada, US and Latin America) currently employs around 7,200 people and generates revenue of close to EUR1.5 billion. It operates eight paint manufacturing and distribution sites in the US and a global research and development center in Strongsville, Ohio. The portfolio consists of architectural coatings and wood care products, as well as adhesives and caulks.

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AkzoNobel is the largest global paints and coatings' company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™.

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Pdf file AkzoNobel press release: http://hugin.info/130660/R/1441724/386110.pdf

Fact sheet AkzoNobel US operational footprint: http://hugin.info/130660/R/1441724/386039.pdf




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Source: Akzo Nobel NV via Thomson Reuters ONE

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