# 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.

- Type: Acquisition
- Announced: 2026-04-29
- Status: announced
- Products: Decorative Paints, Industrial Coatings, Marine & Protective Coatings, Automotive & Specialty Coatings, Powder Coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AkzoNobel](https://endata.com/companies/11242.md) (target)
- [Nippon Paint](https://endata.com/companies/15158.md) (acquirer)
- [Sherwin-Williams](https://endata.com/companies/23601.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/nippon-paint-group-and-sherwin-williams-confirm-joint-proposal-to-acquire-akzonobel-302783263.html), 2026-05-27: "The Joint Proposal was rejected by the Boards of AkzoNobel, and Nippon Paint Group and Sherwin-Williams are considering their next steps, if any."
- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/nippon-paint-group-and-sherwin-williams-withdraw-joint-bid-42618), 2026-06-03: "Nippon Paint Group and Sherwin-Williams have officially announced the conclusion of their joint efforts to acquire AkzoNobel."

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