AkzoNobel and Axalta to merge in all-stock deal, creating $25B coatings company

AkzoNobel and Axalta Coating Systems announced a definitive agreement to combine in an all-stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion and combined 2024 revenues of about $17 billion.

“The combination brings together two coatings industry leaders with complementary portfolios of highly regarded brands to better serve customers across key end markets and enhance value for shareholders, employees and other stakeholders.”ir.axalta.com

• 4 sources
• ir.axalta.comAkzoNobel and Axalta to Combine in All-Stock Merger of Equals, Creating a Premier Global Coatings Company :: Axalta Coating Systems Ltd. (AXTA)Nov 18, 2025
• sec.govAxalta Coating Systems Ltd. Form 425 filed November 18, 2025Nov 18, 2025
• chemeurope.comMergers - News ⇒ chemeurope.comNov 19, 2025
• ir.axalta.comMarch 16, 2026 - 425: Prospectuses and communications, business combinations | Axalta Coating Systems Ltd. (AXTA)Mar 16, 2026

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