Dutch paints giant AkzoNobel has agreed to acquire a 50 per cent stake and management control in Muscat-based producer Sadolin Paints Oman.

The deal, which was announced in Muscat on 31 October, is part of AkzoNobel’s strategy to expand its presence in the Middle East market for decorative paints and performance coatings in the Middle East.

Peter Tomlinson, managing director for AkzoNobel in the Middle East, says the company would invest in Sadolin’s production unit in Rusayl, Muscat, to support an enlarged portfolio of products.