Nippon Paint has made multiple offers for Akzo Nobel's decorative paints segment over the past month, with the latest proposal valuing the unit at 7.5 billion euros ($8.55 billion) last week, as reported by Bloomberg News. This offer values the business at approximately 12 times its 2026 earnings before interest, taxes, depreciation, and amortization. Akzo Nobel's management has not engaged with Nippon Paint regarding these offers, nor have they informed shareholders of the approach, according to the report.
No final decision has been reached by Nippon Paint, and the company could still opt to abandon its pursuit of Akzo Nobel's decorative paints business. Reuters was unable to independently verify the report, and neither Nippon Paint nor Akzo Nobel could be reached for comment outside of regular business hours.
This move by Nippon Paint follows the termination of a joint effort with U.S.-based Sherwin-Williams to acquire Akzo Nobel last month. Paint manufacturers are currently pursuing mergers and acquisitions to achieve cost savings due to rising expenses, intense market competition, and uncertainties stemming from U.S. President Donald Trump's tariffs on imported goods.
