Akzo Nobel Acquires Axalta, Becomes Coatings Industry Leader
Update: 2025-11-18
Description
Akzo Nobel to Acquire Axalta: A New Coatings Industry Leader EmergesAkzo Nobel, a leading paint company, has agreed to buy Axalta Coating Systems for approximately $9.2 billion, creating a new coatings industry leader. The combined company will be listed on the US stock exchange, marking a shift for Akzo Nobel. The merger aims to address industry challenges, such as tariffs and a slowing global economy, and will result in a board with four directors from each company and three independent members. Akzo Nobels CEO, Gregoire Poux-Guillaume, will lead the new entity, while Axaltas chairman, Rakesh Sachdev, will head the board.
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