AkzoNobel to Acquire Chinese Decorative Paints Business from Sherwin-Williams
AkzoNobel reached an agreement with Sherwin- Williams to acquire its Chinese Decorative Paints business. Completion, which is subject to regulatory approvals, is expected in the second half of 2023.
The business has an annual revenue of about €100 million and employs around 300 people. The transaction includes the Huarun brand, which has a long history and is well recognized in China.