AkzoNobel

Dutch coatings maker AkzoNobel has agreed to sell its Southeast Asia paints business to Japan's Nippon Paint for $1.35 billion. The deal covers the company's decorative paints operations in the region and marks another step in AkzoNobel's portfolio streamlining, while Nippon Paint continues expanding its footprint across Asian markets. The transaction, announced via Reuters, is expected to attract attention from industry watchers tracking consolidation in the global coatings sector.

Japan's Nippon Paint has agreed to acquire AkzoNobel's decorative paints business in Southeast Asia in a deal valued at $1.35 billion. The transaction, reported by Forbes, covers Akzo's consumer paint operations in the region, including brands such as Dulux. The move signals continued consolidation in the global coatings industry, with Japanese buyers expanding across Asian markets.

The coatings and chemicals sector's weekly news cycle was led by BASF and AkzoNobel, with both companies topping the week's most-read stories. The recap rounds up the main developments affecting the two chemical giants and the broader coatings industry, giving professionals a snapshot of the week's key corporate and market news.