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Announced

Akzo Nobel to acquire the African paints and coatings activities from Kansai Paint for $450m.

Financials

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Transaction Value£358m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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paints and coatings

South Africa

Majority

Single Bidder

Pending

Cross Border

Acquisition

Private

Friendly

Paints and Coatings

Synopsis

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Akzo Nobel, a coatings company, agreed to acquire the African paints and coatings activities from Kansai Paint, a firm that manufactures and sells a variety of coatings and paint products, for $450m. “Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth. Kansai Paint shares our commitment to innovation and sustainability, and we look forward to combining our expertise, which will result in a wider range of innovative products and more sustainable solutions for our customers," Thierry Vanlancker, AkzoNobel CEO.

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