AkzoNobel and Tintas Neuce’s Acquisition of Titanlux and Titan Powder Coatings

Cuatrecasas has advised Industrias Titán on the deal.

Titán, owned by the Folch-Rusiñol family, executed the sale of its two business lines of paints—Titanlux and Titan Powder Coatings—to Dutch multinational AkzoNobel and Portuguese Tintas Neuce, respectively.

Titanlux, the decorative paints division, is the Catalan company’s main business with three production factories in Barcelona, Las Palmas de Gran Canaria and Maia (Portugal). Titan Powder Coatings, the industrial powder coating division, focuses production in Portugal and is the second leading operator in its sector in the Iberian market.

Cuatrecasas has advised Industrias Titán with a team led by lawyers Ignacio Costa (Picture) and Gerard Correig, with the support of Cristina Coca and Roger Freixes, as well as lawyers from other practice areas.

Involved fees earner: Cristina Coca – Cuatrecasas; Gerard Correig – Cuatrecasas; Ignacio Costa – Cuatrecasas; Roger Freixes – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Industrias Titán;