# Akzo Nobel approaches Axalta about possible merger

Dutch paints and coatings company Akzo Nobel has approached U.S. rival Axalta Coating Systems to discuss a possible merger that would create a global coatings giant. The talks are in early stages and there is no certainty a deal will be reached.

- Type: Acquisition
- Announced: 2017-10-27
- Where: Samutsakhon, Thailand
- Jobs: 250
- Status: rumored
- Products: paints, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Akzo Nobel](https://endata.com/companies/22737.md)
- [Axalta Coating Systems](https://endata.com/companies/19638.md) (partner)
- [Axalta Coating Systems](https://endata.com/companies/19638.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)
- [Axalta](https://endata.com/companies/25499.md) (target)
- [V.Powdertech Co. Ltd.](https://endata.com/companies/26191.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/us-axalta-akzonobel/exclusive-akzo-nobel-approaches-axalta-about-possible-merger-sources-idUSKBN1CW2FO/), 2017-10-27: "Akzo Nobel's move indicates that its new CEO Thierry Vanlancker is continuing to look for big deals as a way to buttress the company."
- [businessinsider.com](https://www.businessinsider.com/akzo-nobel-axalta-coating-systems-merger-talks-2017-10?IR=T), 2017-10-30: "Akzo, the maker of Dulux paint, announced it was in 'constructive talks' about a 'merger of equals' in what would be the first major deal by Chief Executive Thierry V"
- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2017/10/31/2003681347), 2017-10-30: "The Amsterdam-based company is 'currently in constructive discussions' regarding a merger with Axalta, the world's largest maker of auto refinish paints."
- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/akzo-nobel-confirms-merger-discussions-with-axalta/), 2017-10-31: "Akzo Nobel has confirmed it is currently in constructive discussions regarding a merger of the Akzo Nobel Paints & Coatings business with Axalta."
- [foxbusiness.com](https://www.foxbusiness.com/features/akzo-nobel-axalta-coating-abandon-merger-talks-2nd-update), 2017-11-21: "Akzo Nobel NV and U.S. rival Axalta Coating Systems said Tuesday they abandoned talks to merge after failing to agree on terms for the proposed tie-up."
- [breakingthenews.net](https://breakingthenews.net/Article/Akzo-Nobel-acquires-Thai-powder-coatings-maker/41264895), 2017-11-27: "This business is an excellent strategic fit and will further strengthen our leading market positions in powder coatings in South East Asia."

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