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Monday, 16 September 2019
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Markets & companies, Coatings market

Dunn-Edwards signs merger agreement with Nippon Paint

Monday, 26 December 2016

Dunn-Edwards Corporation has entered into a merger agreement with Nippon Paint Holdings Co., Ltd., the world’s fourth largest paint company with EUR4.6 billion in sales, and certain of its subsidiaries.

Dunn-Edwards manufacturers architectural and industrial coatings. Source: Dunn-Edwards

Dunn-Edwards manufacturers architectural and industrial coatings. Source: Dunn-Edwards

Osaka, Japan-based Nippon Paint will maintain the Dunn-Edwards brand and its range of quality paints. The merger with Dunn-Edwards provides Nippon Paint with a platform for growth throughout the U.S.

Extraordinary opportunity

"This is an extraordinary opportunity for both companies," said Karl Altergott, CEO of the Los Angeles-based Dunn-Edwards. "We will continue business as usual as Dunn-Edwards, producing our superior paint and maintaining our culture that we’ve embraced for 91 years. Plus, we’ll have an influx of resources, new coatings technology and an opportunity to grow with a financially strong global leader.”

Expanding architectural paints

Nippon Paint’s President and CEO Tetsushi Tado agrees. "We’ve wanted to expand our architectural paints in the U.S. and have been searching for the right partner,” he explained. "It is important to us that Dunn-Edwards is the most environmentally responsible paint manufacturer, which fits with our mission. They are respected by both painting contractors and designers as a top choice. We enjoy the same reputation throughout Asia, so it’s an ideal fit.”

About Nippon Paint

The 135-year-old Nippon Paint Holdings is a pioneer in coatings technology in Japan and operates more than 30 manufacturing plants throughout Asia, producing over one million tons of paint and coatings annually. It is known globally for architectural paints, and premium automotive, industrial and marine coatings.

About Dunn-Edwards

Dunn-Edwards is one of the largest independent manufacturers of architectural, industrial and high performance paints in the US. Founded in Los Angeles, the company has its roots in the Southwest, operating 130 stores along with 80+ authorised dealers.

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