# Akzo Nobel to acquire Axalta Coating Systems in all-stock merger

Akzo Nobel NV agreed to acquire Axalta Coating Systems Ltd. in an all-stock deal, creating a combined entity with annual sales of almost $17 billion. Akzo Nobel will own 55% of the new company, which will be listed in the US.

- Type: Acquisition
- Announced: 2025-11-18
- Where: United States
- Status: announced
- Products: paints, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Axalta Coating Systems](https://endata.com/companies/19638.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2025-11-18/dulux-paints-owner-akzo-nobel-agrees-to-combine-with-axalta), 2025-11-18: "Under the agreement, which confirmed an earlier report by Bloomberg News, Amsterdam-based Akzo Nobel will own 55% of the combined entity, whose brands range from Dulux to Cromax."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.