Nippon Paint Holdings Co., Ltd. announced that it has entered into a definitive agreement to acquire LSF11 A5 TopCo LLC and its subsidiaries, collectively known as AOC, for $2.3 billion. AOC is a global specialty formulator based in the United States and Europe.
The acquisition aligns with NPHD's Asset Assembler model, focusing on strategic growth through value-added businesses. AOC specializes in composite resins and materials used in various industries, including automotive, construction, and marine sectors.
"This acquisition enhances our global presence and product offerings in the specialty chemicals sector," said Yuichiro Wakatsuki, director, representative executive officer, and co-president of NPHD. "AOC's expertise complements our existing portfolio, allowing us to better serve our customers worldwide."
The transaction is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals. NPHD anticipates that the acquisition will be accretive to earnings per share from the first year of ownership.
For more information, visit Nippon Paint Holdings' official announcement.
