Nippon Paint to acquire AkzoNobel's Decorative Paints business in Southeast Asia

AkzoNobel has agreed to sell its Decorative Paints business in seven Southeast Asian countries to Nippon Paint for an enterprise value of approximately $1.35 billion. The transaction is expected to close in mid-2027, except for the Indonesia business which is expected to close in late 2026.

“The successful completion of our Asia portfolio review is part of an ongoing strategy to focus our portfolio on areas where we can achieve differentiating scale and strengthen our position.”coatingsworld.com

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• coatingsworld.com[Updated] Recent Mergers and Acquisitions in the Paint and Coatings Industry - Coatings WorldBy: David Savastano EditorOct 29, 2025

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