14th July 2020

NIPPON PAINT TO MERGE WITH DUNN-EDWARDS

Dunn-Edwards Corp., one of the US' largest independent manufacturers of architectural, industrial and high-performance paints, has agreed to a merger agreement with Nippon Paint Holdings Co., Ltd., the world’s fourth-largest paint company, and with certain of its subsidiaries. Osaka, Japan-based Nippon Paint has $4.8-billion in annual sales.

It 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 US.

“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.”

Nippon Paint’s president and CEO Tetsushi Tado said, “We’ve wanted to expand our architectural paints in the US and have been searching for the right partner. 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.”

Nippon Paint Holdings,established in 1881, operates more than 30 manufacturing plants throughout Asia, producing over one-million tons of paint and coatings annually. Founded in Los Angeles, Dunn-Edwards has its roots in the US southwest, operating 130 stores along with over 80 authorized dealers. It produces its coatings in a LEED Gold-certified manufacturing plant.

www.dunnedwards.com