Paint maker Akzo Nobel to acquire Axalta Coating

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November 18, 2025 1:41 AM EST

Cans of Dulux paint, an AkzoNobel brand, are seen on the shelf of a DIY retail store in Manchester, Britain, June 14, 2024. REUTERS/Phil Noble

(Reuters) -Dulux paint maker AkzoNobel said on Tuesday that it plans to acquire paintmaker Axalta Coating Systems in a deal that will create a combined company with an enterprise value of $25 billion.

AkzoNobel shareholders are expected to own 55% of the new group and Axalta investors 45%, with the company moving to a single NYSE listing and maintaining dual headquarters in Amsterdam and Philadelphia.

The combined company, which will have around $17 billion in annual revenue, will be led by current AkzoNobel chief executive Greg Poux‑Guillaume as CEO.

Completion of the merger is expected to close late 2026 to early 2027.

(Reporting by Dimitri Rhodes; Editing by Matt Scuffham)


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