Akzo Nobel and Axalta Coating Systems Announce Plan to Merge

Nashville, TN, November 26, 2025-Akzo Nobel and Axalta Coating Systems have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion.

The merger brings together AkzoNobel’s and Axalta’s complementary portfolios to create a full spectrum offering of coatings solutions. The combined company will have a global footprint spanning 173 manufacturing sites and 91 R&D facilities worldwide.

Current AkzoNobel CEO, Greg Poux-Guillaume, will serve as CEO of the combined company, and current Axalta CEO, Chris Villavarayan, will serve as deputy CEO. The combined company will assume a new name and ticker symbol, which will be announced in due course, and will have dual headquarters in Amsterdam and Philadelphia.

The companies expect the transaction to close in late 2026 to early 2027.

Akzo Nobel, headquartered in Amsterdam, creates paints and performance coatings for both industry and consumers worldwide.

Axalta develops and manufactures a wide selection of performance and mobility coatings. We offer performance coatings for a range of industrial applications; refinish systems for independent body shops, multi-shop operators and auto-dealership groups; and mobility coatings for light vehicle and commercial vehicle OEMs.