US EditionDulux makers AkzoNobel and Axalta Coating Systems to merge in a multibillion-dollar deal: Report
The merger will create the world’s second-largest coatings company with $17 billion in annual revenues and $600 million in annual cost synergies, led by AkzoNobel’s CEO.
- On Tuesday, AkzoNobel N.V. announced plans to acquire Axalta Coating Systems Ltd. in an all-stock merger of equals valued at $25 billion, unanimously approved by both boards.
- Management cites complementary brands and scale, noting the merger joins portfolios to serve key markets and projects $17 billion revenue with $3.3 billion Adjusted EBITDA and $1.5 billion Adjusted Free Cash Flow.
- Leadership and governance will feature Greg Poux-Guillaume as CEO, Chris Villavarayan as Deputy CEO, Carl Anderson as CFO, and AkzoNobel shareholders owning 55%, Axalta shareholders 45%.
- In immediate fallout, both firms have suspended share buyback programs, and AkzoNobel will pay a special cash dividend of $25 billion to shareholders, with management projecting $600 million in annual cost savings.
- Regulatory and shareholder milestones include Extraordinary General Meetings tentatively in mid-2026 and closing late 2026 to early 2027, with a Dutch holding company dual-listed in Amsterdam and New York before NYSE sole listing.
36 Articles
36 Articles
News & Record
Winston-Salem JournalAkzoNobel, with major High Point presence, plans to buy global competitor Axalta
The combined portfolio would feature 100 well-known brands involving Axalta’s Refinish, Light Vehicle and Commercial and Industrial Coatings businesses and AkzoNobel’s Powder Coatings, Refinish, Aerospace Coatings, Marine and Protective Coatings, Industrial Coatings and Decorative Paints businesses.
The "merger of equals" announced Tuesday between paint maker AkzoNobel and US-based Axalta is a new chapter in the company's long history of acquisitions, failed acquisitions, and divestitures.
To become one of the largest paint companies in the world. That's the goal of the merger between paint manufacturer AkzoNobel and American industry peer Axalta, announced this morning. Four questions and answers about the background of this deal. Why are the two companies choosing to merge? In short, the idea is that together it's easier to keep costs low. AkzoNobel is known for household paint brands like Flexa and Sikkens. An early predecessor…
The AEX continues to retreat around lunchtime. Banks, in particular, are facing significant headwinds. AkzoNobel is recovering from its substantial losses following the announced merger with Axalta.
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
