Akzo Nobel Acquires Axalta: A Global Coatings Giant
Update: 2025-12-08
Description
Akzo Nobel, a Dutch paint maker, is acquiring Axalta Coating Systems in a $9.2 billion deal, creating the worlds second-largest coatings company. This merger, initially discussed in 2017, will generate $17 billion in revenue and boast an enterprise value of $25 billion. The combined company will feature a new board with four directors from each company and three independent members, led by Akzo Nobels CEO and Axaltas Board Chair. The merger aims to achieve $600 million in cost savings, with 90% expected within three years, and will operate in over 160 countries.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
