Dunn-Edwards Paints
Signs Merger with Nippon Paint
Dunn-Edwards Corporation, one of the nation’s largest indepen- dent manufacturers of architectural, industrial and high performance
paints, announced it has entered into a
merger agreement with Nippon Paint
Holdings Co., Ltd., the world’s fourth
largest paint company with $4.8 billion
in sales, and certain of its subsidiaries.
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.
“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 cul-
ture that we’ve embraced for 91 years.
Plus, we’ll have an influx of resources,
new coatings technology and an oppor-
tunity to grow with a financially strong
global leader.”
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 envi-
ronmentally responsible paint manufac-
turer, which fits with our mission. They
are respected by both painting contrac-
tors and designers as a top choice. We en-
joy the same reputation throughout Asia,
so it’s an ideal fit.”
The 135-year-old Nippon Paint
Holdings is a pioneer in coatings tech-
nology 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.
Founded in Los Angeles, Dunn-
Edwards has its roots in the Southwest,
operating 130 stores along with 80+ au-
thorized dealers. Dedicated to preserving
and protecting the environment, Dunn-
Edwards produces its coatings in a LEED
Gold-certified manufacturing plant.
Houlihan Lokey acted as Dunn-
Edwards’ financial adviser, and Potter
Anderson & Corroon acted as Dunn-
Edwards’ legal counsel for the transac-
tion. Mitsubishi UFJ Financial Group
and Mitsubishi UFJ Morgan Stanley Co.,
Ltd. acted as Nippon Paint’s financial ad-
viser, and Alston & Bird acted as Nippon
Paint’s legal counsel. CW
Index to Companies
This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants
Subsidiaries are indexed under their own names.
AkzoNobel........................................................................................... 10, 30, 58
Axalta Coating Systems............................................................................. 10, 19
BASF Coatings ................................................................................................ 10
Dunn-Ed wards .................................................................................................. 8
Flowcrete ........................................................................................................ 10
H.B. Fuller ...................................................................................................... 10
Hempel ........................................................................................................... 19
Lord Corp. ...................................................................................................... 10
Minwax .......................................................................................................... 30
Nippon Paint..................................................................................................... 8
PPG................................................................................................................. 10
RPM ............................................................................................................... 10
Rust-Oleum..................................................................................................... 30
Sherwin-Williams ............................................................................................ 30
Sika ........................................................................................................... 10, 26
SKSHU............................................................................................................ 26
Thompson’s Water Seal ................................................................................... 30
