Acquisitions · Architectural paints
Nippon Paint buys California paint maker Dunn-Edwards for $608 million
- Buyer
- Nippon Paint Holdings (via Nippon Paint (USA)) (Osaka)
- Target
- Dunn-Edwards (DE Parent Corp.), California
- Value
- $608M (final price, disclosed on March 1, 2017; withheld at announcement)
- Status
- Agreed on December 22, 2016; completed on March 1, 2017.
- Date
- 2016-12-22
Nippon Paint Holdings agreed to buy DE Parent Corp., the parent of California architectural paint maker Dunn-Edwards, through its US subsidiary. It did not give the price at announcement and disclosed the final price of $608 million when the deal closed.
Why it matters
The deal gives Nippon Paint an established architectural paint brand in the western US, adding a consumer and contractor business to its US operations.
Sources
Kakehashi M&A News home
