Akzo Nobel to Acquire Axalta Coating Systems, Creating Global Paint Giant Valued at $25 Billion

Overview

Akzo Nobel is acquiring Axalta Coating Systems in a deal valued at approximately $25 billion, set to create a US-listed leader in the paint and coatings industry with combined annual sales nearing $17 billion. Amsterdam-based Akzo Nobel will own 55% of the new entity, which will maintain headquarters in the Netherlands and Philadelphia. The merger aims to achieve significant cost synergies and strengthen market position amidst industry challenges.