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AkzoNobel reports clear path for merger with Axalta
The Dutch coatings group reports that the two competing companies Sherwin Williams and Nippon Paint will no longer pursue a takeover of Akzo Nobel.
AkzoNobel has confirmed that Nippon Paint Holdings and The Sherwin-Williams Company are no longer pursuing a public offer for the Amsterdam-based coatings manufacturer. The announcement follows a corresponding statement issued by the two prospective bidders on 3 June 2026.
Both Boards of AkzoNobel continue to unanimously recommend the previously announced merger of equals with Axalta. The two companies first set out the strategic rationale and anticipated benefits of the combination in a joint statement published on 18 November 2025.
Focus returns to the Axalta merger
With the withdrawal of the competing parties, attention now shifts back to the proposed transaction with Axalta, which is expected to create one of the larger players in the global coatings sector. The combined entity would bring together AkzoNobel’s portfolio of decorative and industrial brands – including Dulux, International, Sikkens and Interpon – with Axalta’s strengths in transportation and industrial coatings.
AkzoNobel is active in more than 150 countries and traces its origins back to 1792. The company indicated that further updates regarding the transaction will be provided as appropriate.
According to the timeline communicated by both parties, a registration statement on Form F-4 is to be filed with the U.S. Securities and Exchange Commission, including a proxy statement for Axalta shareholders. A prospectus relating to the shares to be issued by AkzoNobel as part of the combination is expected to be published in due course.
More information: www.akzonobel.com
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