On March 9, 2017, it was revealed that PPG, the world’s largest paint company, was planning to acquire AkzoNobel, the second largest paint company, for US$22.1 billion. If this transaction If successful, it will surpass Sherwin-Williams + Valspar, which is undergoing mergers and acquisitions, and become the new largest paint manufacturer. Although AkzoNobel immediately issued a statement rejecting the merger, it can be seen from the content of the statement that AkzoNobel did not refuse to be acquired, but refused because the “bid was too low.”
Judging from the above merger and acquisition data, most of them are initiated by foreign paint giants. The only domestic companies are Jinlitai and Sanxia Paint, and they are all cross-border mergers and acquisitions. One has entered the field of Internet advertising. , another acquisition was the feed additive business. In addition, Jinlitai’s merger and acquisition plan failed in 2017.
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