Nippon Paint (company name)

Rìběn Túliào

日本涂料

and / with

yǔ

与

Sherwin-Williams (company name)

Xuānwěi

宣伟

jointly / together

liánhé

联合

to bid for an acquisition

jìnggòu

竞购

the Netherlands

Hélán

荷兰

paint / coating

túliào

涂料

giant / major player

jùtóu

巨头

AkzoNobel (company name)

Ākèsū Nuòbèiěr

阿克苏诺贝尔

。

New Words

News in English

Nippon Paint and Sherwin-Williams Launch Joint Bid for AkzoNobel

Nippon Paint and Sherwin-Williams have jointly proposed an acquisition of Dutch paint giant AkzoNobel, which would create one of the largest paint and coatings companies in the world.

Japan's largest paint company, Nippon Paint, and American paint giant Sherwin-Williams have announced a joint bid to acquire Dutch paint company AkzoNobel. AkzoNobel is one of the world's largest paint and coating companies, and operates well-known brands such as Dulux under its banner. If the acquisition is successful, the new company will become one of the largest paint groups in the world in scale. This is one of the largest mergers and acquisitions transactions in the coatings industry in recent years. Currently, AkzoNobel's board of directors is reviewing this joint acquisition proposal. Analysts believe that the recovery of the global construction market has driven major paint companies to accelerate their consolidation pace.

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