Akzo Nobel to merge with Axalta in a $25bn deal.

Akzo Nobel, a producer of paints, coatings, and specialty chemicals, agreed to merge with Axalta, a coatings company, in a $25bn deal. “We’re excited to enter a new chapter in our long and proud history as a leader in the paints and coatings industry. This merger will allow us to accelerate our growth ambitions by bringing together highly complementary technologies, expertise and passionate people to unlock our full combined potential. I’m excited to lead our talented teams in bringing the best of both companies to our customers and shareholders, delivering outstanding value to both,” Greg Poux-Guillaume, AkzoNobel Chief Executive Officer and Chairman of the Board.