Akzo Nobel completes acquisition of Sherwin-Williams’ chinese decorative paints business
Akzo Nobel has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams, which is known within Sherwin-Williams as the Chinese Architectural Paint business.
The business has an annual revenue of about EUR 100 million and employs around 300 people. Commenting on the deal in a first news in April 2023, Mark Kwok, Director Decorative Paints North Asia, said: “Acquiring this business from Sherwin-Williams, and especially their renowned decorative paints brand ‘Huarun’ will strongly complement our existing premium-focused Dulux product portfolio.”
Series of recent acquisitions
The intended acquisition follows on from a series of recent acquisitions by the Dutch company across paints and coatings over the last years, including Titan Paints in Spain and Portugal, New Nautical Coatings in the US, Grupo Orbis in Latin America and, most recently, the aluminum wheel liquid coatings business of Lankwitzer Lackfabrik in Germany.
