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Nippon Paint Completes Acquisition of Global Formulator AOC

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Nippon Paint Completes Acquisition of Global Formulator AOC

Nippon Paint Holdings Co ( (JP:4612) ) has shared an announcement.

Nippon Paint Holdings Co., Ltd. has completed the acquisition of AOC, a global specialty formulator with a strong presence in the Americas and Europe. This strategic move, involving a transaction valued at USD 2,194 million, aims to enhance Nippon Paint’s product offerings in the CASE (Coatings, Adhesives, Sealants, and Elastomers) sector, as well as in colorants and composites, which are essential for construction, infrastructure, and transportation industries. The financial impact of this acquisition is under review and will be disclosed once determined.

More about Nippon Paint Holdings Co

Nippon Paint Holdings Co., Ltd. operates in the coatings industry, providing a wide range of products including paints and coatings for various applications. The company focuses on markets in Asia, the Americas, and Europe, and is known for its innovative solutions in the coatings sector.

YTD Price Performance: 15.19%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $17.39B

See more insights into 4612 stock on TipRanks’ Stock Analysis page.

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