In a blockbuster move poised to redraw the global coatings landscape, AkzoNobel NV—the Dutch parent of paint giant Dulux—and Axalta Coating Systems announced Tuesday that they will merge in an all-share deal to forge a $25 billion coatings titan in what both companies described as a merger of equals.
A Cross-Atlantic Marriage of Coatings Leaders
Under the agreement, Axalta shareholders will receive 0.6539 AkzoNobel shares for each Axalta share, a swap designed to knit the two industrial coatings portfolios into a single worldwide force.
AkzoNobel, headquartered in Amsterdam and listed on Euronext Amsterdam, will join forces with Philadelphia-based Axalta, which trades on the New York Stock Exchange. The newly formed enterprise—set to debut under a new name—will be listed on the NYSE, signaling a bold step toward global market dominance.
Dual Headquarters, Single Strategy
The combined company will maintain dual headquarters in Amsterdam and Philadelphia, while retaining tax residency in the Netherlands, a structure reflecting the balanced nature of the merger.
