M&A Deal Summary

Akzo Nobel Acquires AkzoNobel India

On June 27, 2025, Akzo Nobel acquired chemicals company AkzoNobel India from JSW Paints for 1.4B EUR

Acquisition Highlights
  • This is Akzo Nobel’s 9th transaction in the Chemicals sector.
  • This is Akzo Nobel’s largest (disclosed) transaction.
  • This is Akzo Nobel’s 1st transaction in India.

M&A Deal Summary

Date 2025-06-27
Target AkzoNobel India
Sector Chemicals
Buyer(s) Akzo Nobel
Sellers(s) JSW Paints
Deal Type Divestiture
Deal Value 1.4B EUR

Target

AkzoNobel India

Gurugram, India
AkzoNobel India is a coating company that supplies essential protection and essential colour to industries and consumers. AkzoNobel India is based in Gurugram, India.

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Buyer(S) 1

Buyer

Akzo Nobel

Amsterdam, Netherlands

Category Company
Founded 1646
Sector Chemicals
Employees33,700
Revenue 10.7B EUR (2024)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 11 of 12
Sector: Chemicals M&A 9 of 10
Type: Divestiture M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2025 M&A 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Mapaero

09103, France

Mapaero develops, manufactures and markets aircraft coatings according to its customer's specifications, with a specialty on water-based and other environmentally friendly advanced coatings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-18 Axalta

Philadelphia, Pennsylvania, United States

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. Axalta comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Philadelphia, Pennsylvania.

Buy -

Seller(S) 1

SELLER

JSW Paints

Mumbai, India

Category Company
Sector Chemicals
DESCRIPTION

JSW Paints is a paint company that offers industrial coatings & decorative paints. JSW Paints is based in Mumbai.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2025 M&A 1 of 1