# Nippon Paint Buys Akzo Nobel Southeast Asia Unit

> Nippon Paint acquires Akzo Nobel's Southeast Asia paints business for $1.35 billion.
- Title: Nippon Paint Buys Akzo Nobel Southeast Asia Unit | Shortify
- Summary: Nippon Paint acquires Akzo Nobel's Southeast Asia paints business for $1.35 billion. Nippon Paint Holdings purchases Akzo Nobel's decorative paints business…
- Keywords: nippon paint, akzo nobel, southeast asia, decorative paints, paint business, acquisition, news, politics, world, Nippon, Paint, Buys
- Source: The Japan Times — https://japantimes.co.jp/business/2026/10/05/companies/nippon-paint-akzo-nobel-southeast-asia
- Author: Reed Stevenson
- Published: 2026-10-05T02:08:00+00:00
- Read time: 1 min
- Topics: nippon paint, akzo nobel, southeast asia, decorative paints, paint business, acquisition, news, politics, world
## 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.
## Key takeaway

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.