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A major development for the coatings industry. AkzoNobel and Axalta have announced a merger of equals in an all-stock deal that will create a combined coatings company with an enterprise value of about $25 billion and pro forma revenue of about $17 billion. The merged organization brings together complementary strengths across powder, refinish, mobility, industrial and decorative coatings and will operate with a combined annual R&D investment of nearly $400 million. The companies expect about $600 million in cost synergies as they integrate a footprint that includes 173 manufacturing sites and 91 R&D facilities serving customers in more than 160 countries. This merger represents one of the most significant consolidation moves in recent industry history and is expected to influence competitive dynamics for manufacturers, suppliers and end users across the global coatings market. 🔗 Read the full story here: https://lnkd.in/euUdEDhU #CoatingsIndustry #MergersAndAcquisitions #AkzoNobel #Axalta #IndustrialCoatings #RefinishCoatings #PowderCoatings #MobilityCoatings #SurfaceFinishing #Manufacturing #GlobalMarkets #RAndD #SupplyChain

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The #CTTSummit is built for liquid and powder coatings formulators tackling today’s toughest challenges. Featuring 50 expert-led technical sessions, 4 in-depth short courses, and a supplier-rich exhibit hall, you’ll find practical knowledge, new connections, and advanced technologies to support #coatings manufacturing, purchasing, and product development. Join us this month! Register now: https://brnw.ch/21x5o2o

BREAKING: AkzoNobel and Axalta have announced Axanzo as the name of their combined company following completion of their planned merger. The new organization will bring together approximately 100 brands across more than 160 countries, with Greg Poux-Guillaume serving as CEO and Chris Villavarayan as Deputy CEO. The proposed ticker symbol will be AXZ. The companies remain independent until the merger closes, which is expected in early 2027, subject to regulatory approvals and customary closing conditions. Read more: https://lnkd.in/eHj28-_A #AkzoNobel #Axalta #Axanzo #CoatingsIndustry