# Nippon Paint Holdings completes acquisition of AOC for US$2.194 billion

Nippon Paint Holdings Co., Ltd. has completed the acquisition of all equity interests of AOC, a global specialty formulator, for US$2,194 million, making it a subsidiary as of March 3, 2025.

- Type: Acquisition
- Announced: 2025-03-04
- Where: United States
- Value: $2.19B
- Status: completed
- Products: unsaturated polyester, vinyl ester, coatings, adhesives, sealants, elastomers, colorants, composites
- 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

- [nipponpaint-holdings.com](https://www.nipponpaint-holdings.com/en/ir/news_release/20250304ir01/), 2025-03-04: "as of March 3, 2025, it has completed the acquisition and payment procedures for all of the equity interests of LSF11 A5 TopCo LLC and its subsidiaries (hereinafter referred to as 'AOC'), making it a subsidiary of Nippon Paint Holdings."
- [businesswire.com](https://www.businesswire.com/news/home/20250303263183/en/Lone-Star-Funds-Completes-Sale-of-AOC-to-Nippon-Paint-Holdings), 2025-03-04: "We are pleased to have worked alongside AOC and its dedicated management team"

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