Nippon Paint to Buy Coatings, Resins Maker AOC for $2.3 Billion
- Firm to acquire equity interest from Lone Star Fund: statement
- Nippon Paint has been expanding its business through M&A
This article is for subscribers only.
Nippon Paint Holdings Co. announced plans to purchase global chemicals formulator AOC for $2.3 billion.
The Japanese firm will acquire all of the equity interest of AOC’s parent company LSF11 A5 TopCo and its subsidiaries from Lone Star Fund, according to a statement Monday. The Tennessee-based firm produces coatings, colorants and composite resins.