M&A Deal Summary

Nippon Paint Acquires AOC Trusted Solutions

On October 28, 2024, Nippon Paint acquired chemicals company AOC Trusted Solutions from Lone Star Funds

Acquisition Highlights
  • This is Nippon Paint’s 2nd transaction in the Chemicals sector.
  • This is Nippon Paint’s 1st transaction in the United States.
  • This is Nippon Paint’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-10-28
Target AOC Trusted Solutions
Sector Chemicals
Buyer(s) Nippon Paint
Sellers(s) Lone Star Funds
Deal Type Add-on Acquisition
Advisor(s) Jamieson Corporate Finance (Financial)
Katz Teller (Legal)

Target

AOC Trusted Solutions

Collierville, Tennessee, United States
AOC Trusted Solutions is a global CASE & Colorants company focused on producing and formulating unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings & protective barriers, colorants & visual effects, adhesives, and conventional composite resins. It serves customers globally with specialty products for the automotive, marine, corrosion, construction, and infrastructure segments. AOC Trusted Solutions was founded in 1960 and is based in Collierville, Tennessee.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Nippon Paint

Tokyo, Japan

Category Company
Founded 1881
Sector Chemicals
Employees38,562
Revenue 1.64T JPY (2024)
DESCRIPTION

Nippon Paint is a paint and coatings specialist that beautifies urban landscapes and continually creates superior Nippon Paint products to enhance people’s lives. Nippon Paint was founded in 1881 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 DuluxGroup

Clayton, Australia

DuluxGroup is a provider of premium branded paint, coatings, adhesives, garden care, and other building products to the residential home improvement, commercial, and infrastructure markets. DuluxGroup was established in 1918 and is based in Clayton, Australia.

Buy ¥291.7B

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 95.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 17 of 19
Sector: Chemicals M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 7
State: Tennessee M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Eriks

Utrecht, Netherlands

ERIKS is a provider of a wide range of high-quality mechanical engineering components and associated technical and logistics services. Eriks was founded in 1940 and is based in Utrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Kidde Global Solutions

Mebane, North Carolina, United States

Kidde Global Solutions offers advanced solutions and services to protect people and property in a wide range of applications, from complex commercial facilities to homes. Kidde Global Solutions unifies some of the most trusted and iconic brands in fire and life safety, including Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritec. Kidde Global Solutions is based in Mebane, North Carolina.

Buy $3.0B