Dreams have confirmed renewing their partnership with Ezzy Manufacturing Ghana Limited producers of Ezzy paints. The deal which was signed in a brief ceremony on Saturday morning at the club secretariat will run for a year. Speaking at the signing, the Managing Director of the company, Moussah Ezzerdine said the company is glad to continue … Read more
The world’s leading paintmaker AkzoNobel on Monday turned down a third revised offer bid from US-based rival PPG, saying it still undervalued the Dutch company. “The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding,” chief executive Ton Buchner in a statement. … Read more
A 32 year old painter, Mawunyo Atoklo has won the first out of six brand new cars in the “Paint Your Dream into Reality promotion” by Coral Paints Ghana. Mr Atoklo won the price after he found a dummy key in one of three pails of Coralatex he bought. The Hyundai Accent salon car was … Read more
US paint maker PPG has offered to pay more than $24bn (£19bn) for the firm. Dulux paint-owner AkzoNobel has reported a “record performance” for its first quarter as it continues to resist a hostile takeover attempt by a US rival. Earnings before income tax climbed 13% year-on-year to 376m euros (£314m), while sales were up … Read more
The Dutch maker of Dulux paint has rejected a second takeover offer from a US rival. Paints and coatings maker AkzoNobel turned down PPG Industries, saying an improved 22.4bn-euro (£19.3bn) offer was too low and risky. Dutch politicians had publicly opposed PPG’s first proposal, saying it was not in the interests of the country. Akzo’s … Read more