# 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.

- Type: Acquisition
- Announced: 2017-10-31
- Where: Mahad, India, India
- Value: $49.0M (3.20B INR)
- Jobs: 80
- Status: rumored
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AkzoNobel](https://endata.com/companies/11242.md)
- [AkzoNobel](https://endata.com/companies/11242.md) (acquirer)
- [Axalta](https://endata.com/companies/25499.md) (partner)
- [Axalta](https://endata.com/companies/25499.md) (target)
- [AkzoNobel India](https://endata.com/companies/27940.md) (target)

## Sources

- [themanufacturer.com](https://www.themanufacturer.com/articles/akzonobel-is-holding-merger-talks-with-coatings-maker/), 2017-10-31: "AkzoNobel has confirmed it is currently in constructive discussions regarding a merger of the AkzoNobel Paints & Coatings business with coatings manufacturer Axalta."
- [glassonline.com](https://www.glassonline.com/coatings-companies-in-talks-about-possible-merger/), 2017-11-03: "It is currently in constructive discussions regarding a merger."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/akzonobel-india-to-sell-specialty-chemicals-biz-for-rs-320-crore/), 2017-11-08: "The Board of Directors believes it will be in the best interest of the shareholders, concerned employees and customers that the India Specialty Chemicals Business is also divested to the said specialty chemicals global entity or its affiliate."

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