AkzoNobel to sell Dulux business for 1 35 billion
AkzoNobel on October 5 announced an agreement to sell its Dulux branded decorative paints business in Southeast Asia and Australia to Nippon Paint for 1 35 billion as the Dutch coatings group reshapes its decorative paints portfolio in Asia
AkzoNobel has announced plans to sell its decorative paints business in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia for approximately $1.35 billion. The transaction will leave AkzoNobel with roughly $4.5 billion in revenue from its segment this year. The deal follows previous divestments of AkzoNobel's decorative paints business in India and operations in Pakistan.
AkzoNobel plans to focus on its merger with US coatings maker Axalta and expects the Indonesian transaction to close by the end of 2026, with remaining deals to be completed in mid-2027. AkzoNobel, founded in 1792, operates in over 150 countries and reported revenue of $11.3 billion in 2025, down 5% year-on-year.
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