Paint maker Akzo Nobel to acquire Axalta Coating
November 18, 2025
Source: Investing.com(Reuters) -Dulux paint maker AkzoNobel said on Tuesday that it plans to acquire paintmaker Axalta Coating Systems in a deal that will create a combined company with an enterprise value of $25 billion.
AkzoNobel shareholders are expected to own 55% of the new group and Axalta investors 45%, with the company moving to a single NYSE listing and maintaining dual headquarters in Amsterdam and Philadelphia.
The combined company, which will have around $17 billion in annual revenue, will be led by current AkzoNobel chief executive Greg Poux‑Guillaume as CEO.
Completion of the merger is expected to close late 2026 to early 2027.
