Tough Times as Dutch Multinational Company Enters Liquidation in Kenya

The Kenya Times ~ Trending, Breaking News and Videos

Tough Times as Dutch Multinational Company Enters Liquidation in Kenya

A subsidiary of Dutch multinational paints and coatings giant AkzoNobel N.V. has entered liquidation.

In a Gazette notice published under the Insolvency Act, Harveen Gadhoke of Adili Associates LLP was appointed liquidator of Akzo Nobel Kenya Limited on December 2, 2025, following a shareholders’ resolution.

The appointment was formally gazetted on December 3, 2025. 

“NOTICE is given that Harveen Gadhoke, of Adili Associates LLP, ALN House, Eldama Ravine Close, off Eldama Ravine Road, Westlands, Nairobi and PO Box 764-00606, Nairobi was appointed as the Liquidator of Akzo Nobel Kenya Limited, company number PVT/2016/026624, pursuant to the resolution of the shareholders made on the 2nd Day of December 2025 in accordance with the provisions of the Insolvency Act, 2015,” read part of the gazette. 

Parties with claims against the company must submit written claims, accompanied by supporting documentation and proof of debt, to the liquidator by December 23, 2025. 

Akzo Nobel Kenya Ltd liquidator appointed

In addition, the notice states that the liquidator will act as an agent of the company and bears no personal liability.

“Any party having a claim against the Company should submit their claim in writing, together with relevant supporting documentation and a proof of debt, Form No 5 under the Insolvency Regulations, to the Liquidator on or before 23rd December 2025 for consideration,” the notice adds.

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Akzo Nobel Kenya Limited was registered in 2016 and operates as part of Dutch multinational AkzoNobel’s African footprint, handling the importation and distribution of paints and coatings for decorative and industrial use.

Its portfolio includes internationally recognised brands such as Dulux, Sikkens, and Dynacoat, serving both consumers and specialised sectors, including automotive and industrial coatings.

The liquidation comes after AkzoNobel expanded its presence in East Africa in June 2022. The Dutch group agreed to acquire the African business of Japan’s Kansai Paint, which ended years of intense competition between the two rivals in the region.

The transaction covered operations in Kenya, Uganda, Tanzania, Zanzibar, and Burundi, where Kansai Paint traded under the Plascon brand and held the largest market share in East Africa.

Dutch paint giant AkzoNobel acquires Japan’s Kansai Africa business

At the time, Kansai Paint’s African business employed about 2,500 people across 19 manufacturing sites and 30 warehouses, with consolidated regional revenues exceeding Ksh32 billion. The acquisition was positioned as a strategic move to strengthen AkzoNobel’s growth platform in Africa, although financial details of the deal were not disclosed.

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AkzoNobel has maintained a presence in Kenya through locally registered entities focused on expanding its coatings business, particularly after the Kansai acquisition. Its operations have centred on importing and distributing decorative paints and performance coatings, rather than large-scale local manufacturing.

Globally, AkzoNobel N.V. is headquartered in Amsterdam, Netherlands, and traces its roots back more than three centuries through a series of European industrial enterprises.

The modern company was formed in 1994 following the merger of Akzo N.V. and Nobel Industries AB. It operates in more than 150 countries and employs about 33,000 people worldwide.

The group specialises in paints, coatings, and specialty chemicals, supplying products for sectors ranging from construction and automotive to marine and aerospace. Its consumer-facing brands include Dulux, Sadoli,n and Sikkens, while its industrial portfolio spans protective and high-performance coatings.

AkzoNobel has also pursued an active acquisition strategy globally, with recent deals in Europe, the United States, and Latin America, alongside a stated focus on innovation, sustainability, and environmentally friendly production processes.

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This post Tough Times as Dutch Multinational Company Enters Liquidation in Kenya first appeared on The Kenya Times ~ Trending, Breaking News and Videos and is written by Jason Ndunyu