AkzoNobel and Axalta Merge to Form $25 Billion Paint Giant

AkzoNobel and Axalta Coating Systems announce a merger to create a $25 billion company. Shareholders of AkzoNobel will own 55% of the new entity. The merger, expected to enhance profitability with annual revenues of $17 billion, will conclude by early 2027.

In a significant development for the paint industry, AkzoNobel, the maker of Dulux paint, is set to merge with Axalta Coating Systems, creating a combined entity valued at a staggering $25 billion. This merger will result in AkzoNobel shareholders holding a 55% stake, while Axalta investors will control 45%.

According to CEO Greg Poux-Guillaume, who will lead the newly formed company, the merger with Axalta boasts a strengthened portfolio and impressive profitability. Initially listed in both Amsterdam and New York, the entity will eventually consolidate its listings to NYSE and maintain dual headquarters in Amsterdam and Philadelphia.

The merger aims to generate annual revenues of $17 billion and achieve cost savings of $600 million within the first three years. Set to finalize between late 2026 and early 2027, this move underscores the strategic focus on maximizing profitability and market positioning within the industry.

(With inputs from agencies.)