From The Japan Times · Reed Stevenson · · 1m
Nippon Paint Buys Akzo Nobel Southeast Asia Unit
Nippon Paint acquires Akzo Nobel's Southeast Asia paints business for $1.35 billion.
In brief
Nippon Paint acquires Akzo Nobel's Southeast Asia paints business for $1.35 billion. Nippon Paint Holdings purchases Akzo Nobel's decorative paints business in seven Southeast Asian countries for $1.35 billion, marking a partial victory after previous rejections. Originally reported by The Japan Times.
Nippon Paint Holdings
Japan's No. 1 paint company is buying Akzo Nobel's decorative paints business in Southeast Asia for $1.35 billion.
Previous Offer Rejected
Nippon Paint had previously sought to buy Akzo's entire residential and commercial paints unit for €7.5 billion ($8.4 billion).
Regional Coverage
The deal spans seven countries: Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia.
Profit Impact
The acquisition will be accretive to profits once completed by mid-2027.
Partial Victory
Nippon Paint achieved a partial victory after Akzo rejected multiple approaches for its decorative paints business.
Higher Multiple
Nippon Paint is paying a higher multiple for regional units compared to its prior broader offer.
What matters most
Nippon Paint Holdings purchases Akzo Nobel's decorative paints business in seven Southeast Asian countries for $1.35 billion, marking a partial victory after previous rejections.
