Axalta Soars on $25B Merger Announcement

Axalta (AXTA) surged 13% after announcing an all-stock merger with Akzo Nobel, forming a global coatings giant valued at $25 billion.
The deal is expected to close between late 2026 and early 2027, pending regulatory approvals.

Deal Structure & Ownership

Under the terms of the merger:

Akzo Nobel shareholders: 55% ownership
Axalta shareholders: 45% ownership
Transition period will include dual listings, followed by a move to trade on the NYSE under a new name and ticker

The combined company will maintain dual headquarters in Amsterdam and Philadelphia.

Financial Outlook & Synergies

The merged coatings powerhouse aims to:

Generate ~$17B in annual revenue
Deliver $600M in cost synergies
Achieve 90% of synergies within the first three years
Strengthen global positioning across industrial, automotive, and specialty coatings markets

Leadership & Global Footprint

Akzo Nobel CEO Greg Poux-Guillaume will lead the combined company, overseeing:

100+ brands
173 manufacturing sites
91 R&D facilities worldwide

This scale positions the new entity as one of the largest coatings companies globally.

Strategic Impact

The merger is expected to:

Enhance global manufacturing and supply chain capacity
Expand the companies’ combined product portfolio
Increase competitiveness against peers like Sherwin-Williams and PPG
Accelerate innovation in sustainable coatings and industrial solutions