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AkzoNobel in merger talks with Axalta · Endata

◂ Announcements

Oct 31, 2017ACQUISITIONMahad, India, India

AkzoNobel in merger talks with Axalta

AkzoNobel confirmed it is in constructive discussions regarding a merger of its Paints & Coatings business with coatings manufacturer Axalta. The deal would combine the third and fourth-largest players in the global coatings market.

Value

$49.0M (3.20B INR)

Jobs

80

Status

Rumored

Productscoatings

CompaniesAkzoNobel AkzoNobel acquirer Axalta partner Axalta target AkzoNobel India target

Sectors#Specialty Chemicals

“AkzoNobel has confirmed it is currently in constructive discussions regarding a merger of the AkzoNobel Paints & Coatings business with coatings manufacturer Axalta.”themanufacturer.com

3 sources
themanufacturer.comAkzoNobel eyes first major merger in coatings industryJonny WilliamsonOct 31, 2017
glassonline.comCoatings companies in talks about possible merger | GlassOnline.com - The World's Leading Glass Industry WebsiteZoe WhittenNov 3, 2017
mnacritique.mergersindia.comAkzoNobel India to sell specialty chemicals biz for Rs 320 crore | M&A CritiqueNov 8, 2017

Summarized from public sources; check the original articles before acting on it.

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