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Grace Matthews Assists Akzo Nobel in the Acquisitionof the Flood Company

Published on 2006-08-07. Author : SpecialChem

MILWAUKEE -- Akzo Nobel, the world's largest coatings manufacturer, announced that it has completed the acquisition of The Flood Company of Hudson Ohio. Grace Matthews, a Milwaukee-based investment bank, advised Akzo Nobel on the transaction.

"We were engaged to help Akzo Nobel build its Sikkens wood care business in the U.S., and Flood was at the top of our list," explained Grace Matthews Managing Director John Beagle. "By marrying the global tradition of Akzo, and its Sikkens business, with the family tradition of Flood, and its products, we were able to help create the leading U.S. wood care business."

"It requires tremendous patience and creativity when acquiring a business that has been family-owned for almost 160 years. Through an open and iterative process we were able to successfully structure a transaction that addressed both the Buyer's and Seller's needs," said Grace Matthews Vice President Ben Scharff.


With company sales of over $17 billion and coatings sales of greater than $7 billion, Akzo Nobel is the world's largest coatings manufacturer. Akzo Nobel's coatings operations develop, manufacture and market innovative, high quality products and services for most market segments, and the company commands leading market positions in nearly all of these segments. The company's extensive portfolio includes decorative paints; products for industrial applications such as powder, wood, coil and specialty coatings; automotive refinishes; marine, protective and aerospace coatings; and coatings related products such as wood and building adhesives.


Grace Matthews, Inc. advises companies, entrepreneurs and private equity groups on business sales, acquisitions, recapitalizations, and management buy-outs. Grace Matthews' principals have successfully completed over 100 transactions on behalf of clients ranging from private, middle market companies to large foreign and U.S.-based multi-nationals.


Established in Ohio in 1847, The Flood Company is a leading producer of specialty coating and wood paint additive solutions for consumer, commercial and industrial applications. At its Hudson, Ohio manufacturing facilities, Flood produces products such as wood finish, deck stain, and vinyl siding and shutter cleaner which are designed to restore, protect and beautify natural woods, exterior vinyl and other challenging surfaces. The Flood Company has revenues of approximately $50 million, and it actively markets its products throughout Europe, Canada, Latin America, Israel and Australia.

Source: Akzo Nobel

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