# Nippon Paint Holdings to acquire AOC from Lone Star Funds

Lone Star Funds announced the signing of a definitive agreement to sell AOC, a global specialty chemicals company, to Nippon Paint Holdings Co., Ltd. The transaction is subject to regulatory clearances and expected to close in the first half of 2025.

- Type: Acquisition
- Announced: 2024-10-28
- Where: United States
- Value: $4.35B
- Status: announced
- Products: unsaturated polyester resins, vinyl ester resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lone Star Funds](https://endata.com/companies/8698.md) (partner)
- [Nippon Paint](https://endata.com/companies/15158.md) (acquirer)
- [AOC](https://endata.com/companies/28731.md) (target)

## Sources

- [stockanalysis.com](https://stockanalysis.com/quote/tyo/4612/transcripts/303692-m-a-announcement/), 2024-10-28: "This acquisition is aligned with the asset assembly model that we have been talking about as part of our growth strategy."
- [businesswire.com](https://www.businesswire.com/news/home/20241028931588/en/Lone-Star-Announces-Sale-of-AOC-to-Nippon-Paint-Holdings), 2024-10-28: "We are immensely proud of the growth and innovation AOC has achieved during our ownership."
- [everchem.com](https://everchem.com/nippon-paint-acquires-aoc/), 2024-10-31: "We are excited about the opportunities that lie ahead as we join Nippon Paint Group, a company that shares our commitment to integrity, quality and innovation."

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