Nippon Paint Holdings completed the acquisition of AOC from Lone Star Fund for $4.35bn.

Nippon Paint Holdings, a Japanese paint and paint products manufacturing company, completed the acquisition of AOC, a multinational corporation and electronics company, from Lone Star Fund, a private equity firm that invests globally in real estate, equity, credit, and other financial assets, for $4.35bn. “We are pleased to have worked alongside AOC and its dedicated management team, whose leadership and expertise have been instrumental in driving the company’s growth and innovation. We are confident that AOC will continue to thrive under Nippon Paint’s ownership, leveraging its strong foundation and expertise to drive long-term shareholder value,” Donald Quintin, Lone Star CEO.