AOC
Resin producer to be acquired by Japan's Nippon Paint
— By Plasteurope.com staff — 

Japan’s Nippon Paint Holdings (Tokyo; www.nipponpaint-holdings.com) has announced plans to acquire US resin producer AOC (Collierville, Tennessee; www.aocformulations.com) for USD 2.3 bn (EUR 2.13 bn). The seller is a fund of the US investment company Lone Star. Subject to all approvals, the transaction is expected to be completed within the first half of 2025.

AOC – led by CEO Joe Salley – operates 14 plants worldwide, five of which are in Europe. The company produces unsaturated polyester and vinyl ester resins, as well as systems for coatings, adhesives, sealants and elastomers (CASE). Sales for 2023 are estimated at USD 1.5 bn and EBITDA at USD 528 mn. 

Nippon Paint recently generated the equivalent of EUR 8.7 bn in revenue, three quarters of which came from decorative paints and coatings for use in construction – including the Dulux brand. AOC is likely to be allocated to the smaller Adjacencies Business segment, which accounts for 11% of total sales and already includes adhesives and sealants.
01.11.2024 Plasteurope.com [256466-0]
Published on 01.11.2024
AOC: Nippon Paint Holdings kauft den HarzerzeugerGerman version of this article...

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Date of print: 21.11.2024 22:35:18   (Ref: 956112102)
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