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Nippon Paint to acquire Akzo's SE Asia unit for $1.35B

PRIVATEOct 05, 2026

Acquiring Company

Nippon Paint Holdings Ltd

Acquired Company

AkzoNobel

Minato CityIndiaManufacturingAutomotivePrecious MetalsManufacturingAerospaceBuilding Material

Description

Nippon Paint Holdings Co. is set to acquire Akzo Nobel NV’s decorative paints business in Southeast Asia for $1.35 billion. This deal, expected to close by mid-2027, will strengthen Nippon Paint's operations across several countries. The acquisition marks a partial victory for Nippon Paint after previous attempts to buy Akzo's entire business were rejected.

Company Information

Company

Nippon Paint Holdings Ltd

Location

Minato City, Tokyo, Japan

About

Nippon Paint Holdings Co., Ltd. operates in the coatings industry, providing a wide range of products including paints and coatings for various applications. The company focuses on markets in Asia, the Americas, and Europe, and is known for its innovative solutions in the coatings sector.

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Frequently asked

Who acquired AkzoNobel?

AkzoNobel was acquired by Nippon Paint Holdings Ltd, based in Minato City. The deal was reported on October 5, 2026. Nippon Paint Holdings Co., Ltd. operates in the coatings industry, providing a wide range of products including paints and coatings for various applications. Nippon Paint Holdings Ltd is privately held and operates in Manufacturing.

When did Nippon Paint Holdings Ltd acquire AkzoNobel?

Nippon Paint Holdings Ltd's acquisition of AkzoNobel was reported on October 5, 2026. Nippon Paint Holdings Co. is set to acquire Akzo Nobel NV’s decorative paints business in Southeast Asia for $1.35 billion. This deal, expected to close by mid-2027, will strengthen Nippon Paint's operations across several countries. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AkzoNobel do?

AkzoNobel is a global leader in the decorative paints and performance coatings industry. They are dedicated to delivering sustainable solutions that maximize the performance of their products. It is privately held, operating in Manufacturing, and is based in India.

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