Akzonobel And Axalta Merging And Creating A $25 Billion Global Coatings Leader
By Amit Chowdhry ● Nov 18, 2025
AkzoNobel and Axalta Coating Systems have entered into a definitive agreement to merge in an all-stock transaction that will create one of the world’s largest coatings companies with an enterprise value of approximately $25 billion and combined revenue of about $17 billion. Announced from Amsterdam and Philadelphia, the deal brings together two longstanding industry leaders with highly complementary product portfolios, extensive geographic coverage, and a shared commitment to innovation. The combined company is expected to generate substantial value for shareholders, employees, and customers by leveraging expanded scale, broadened market access, and deeper technological capabilities.