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Akzo Nobel N.V. and Axalta Coating Systems Ltd. have announced merger.
Akzo Nobel N.V. and Axalta Coating Systems Ltd. have announced that they have entered into an agreement to combine in an all-stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion.
The combination brings together two coatings industry leaders with complementary portfolios of highly regarded brands to better serve customers across key end markets and enhance value for shareholders, employees and other stakeholders. Anchored in both companies’ proud histories and broad expertise, the combined business will have a highly attractive financial profile, industry-leading innovation capabilities and a balanced global footprint spanning over 160 countries to bring global capabilities to local customers.
With attractive margins and robust cash flow generation, the combined company will be well positioned to drive substantial growth and shareholder value creation.
Compelling strategic and financial benefits
Diversified and balanced portfolio of leading brands. The merger brings together AkzoNobel’s and Axalta’s complementary portfolios to create a full spectrum offering of coatings solutions, with first-rate franchises across powder, aerospace, refinish, mobility, marine & protective, industrial coatings and decorative paints. the combined portfolio will be differentiated by its breadth of solutions across approximately 100 well-known brands.
The combined company will have an enhanced global footprint spanning 173 manufacturing sites and 91 R&D facilities worldwide, enabling it to bring global capabilities to local customers. Through increased local presence in key geographies, AkzoNobel and Axalta customers are expected to benefit from deep channel access to coatings and product support, further strengthening customer relationships.
