TAGS: Architectural Coatings
AkzoNobel completes the acquisition of the Chinese Decorative Paints business of Sherwin-Williams. The acquisition will further boost the company’s position in China and will allow us further market segmentation and reinforce our position outside of the premium segment.
Annual Revenue of €100 million
The business has an annual revenue of approximately €100 million and employs around 300 people. The transaction includes the renowned Huarun decorative paints brand, which has a long history and is well recognized in China.
The Chinese Decorative Paints business is known within Sherwin-Williams as the Chinese Architectural Paint business. News of the intended acquisition was first announced in April 2023.
AkzoNobel supplies sustainable and innovative paints and coatings to customers and communities. AkzoNobel is committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.
Source: AkzoNobel