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Akzo Nobel Nears Combination With Rival Paintmaker Axalta

Dulux paint pours into a pot on the production line at Akzo Nobel NV's paint factory in Ashington, UK.
Photographer: Chris Ratcliffe/Bloomberg

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By David Carnevali, Ryan Gould, Aaron Kirchfeld, and Charlotte Hughes-Morgan

November 17, 2025 at 10:33 PM UTC

Updated on

November 18, 2025 at 1:09 AM UTC

Akzo Nobel NV is in advanced talks to combine with smaller rival paintmaker Axalta Coating Systems Ltd., people familiar with the matter said, in a cross-border deal that would reshape the global coatings industry.

The companies could announce a tie-up as soon as Tuesday, according to the people, who asked to not be identified because the discussions are private.