Announced
Completed
Financials
Tags
Cross Border
specialty chemicals
Paints and Coatings
Single Bidder
Private Equity
paints
Private
France
Acquisition
Friendly
Majority
Completed
Synopsis
Nippon Paint-backed DuluxGroup, a marketer and manufacturer of premium branded products, completed the acquisition of Cromology, a designer and manufacturer of paints and decorative products, from Wendel, a family-held investment company, for $1.47bn. “This step has allowed Loïc Derrien, the Group's CEO, and the entire Cromology team to achieve an exceptional job for the past 3 years. The offer from DuluxGroup should allow Cromology to continue its transformation and development," Pierre Pouletty, Cromology Chairman.
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