# Nippon Paint to acquire AOC for $2.3 billion

Nippon Paint Holdings Co. announced plans to purchase AOC, a Tennessee-based coatings, colorants and composite resins maker, from Lone Star Fund for $2.3 billion.

- Type: Acquisition
- Announced: 2024-10-28
- Where: Tennessee, United States
- Value: $2.30B
- Status: announced
- Products: coatings, colorants, composite 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)
- [Lone Star Fund](https://endata.com/companies/80710.md) (partner)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2024-10-28/nippon-paint-to-buy-coatings-resins-maker-aoc-for-2-3-billion), 2024-10-28: "Nippon Paint Holdings Co. announced plans to purchase global chemicals formulator AOC for $2.3 billion."
- [forbes.com](https://www.forbes.com/sites/johnkang/2024/10/29/nippon-paint-shares-surge-14-on-23-billion-deal-for-us-chemical-producer/), 2024-10-29: "Investors cheered Nippon Paint’s plans to buy AOC from private equity firm Lone Star Funds."
- [chemnews.com.cn](https://www.chemnews.com.cn/c/2024-11-04/747441.shtml), 2024-11-04: "此次收购是立邦涂料集团为了实现股东价值最大化的一次收购行动。"
- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/nippon-paint-acquires-aoc-for-eur-2-1-billion/), 2024-11-04: "This acquisition enhances our global presence and product offerings in the specialty chemicals sector."

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