Nippon Paint and Sherwin-Williams propose to acquire AkzoNobel

Nippon Paint Group and Sherwin-Williams jointly proposed to acquire all shares of AkzoNobel, with Nippon Paint taking the Decorative Paints and Industrial Coatings business and Sherwin-Williams taking the Marine & Protective Coatings, Automotive & Specialty Coatings and Powder Coatings businesses. The proposal was rejected by AkzoNobel's board.

“The Joint Proposal was rejected by the Boards of AkzoNobel, and Nippon Paint Group and Sherwin-Williams are considering their next steps, if any.”prnewswire.com

• 2 sources
• prnewswire.comNippon Paint Group and Sherwin-Williams confirm Joint Proposal to acquire AkzoNobelThe Sherwin-Williams CompanyMay 27, 2026
• chemanalyst.comNippon Paint Group and Sherwin-Williams Withdraw Joint Bid Efforts for AkzoNobel | ChemAnalystPeter JacksonJun 3, 2026

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