AkzoNobel and Axalta Get One Week to Answer UK Merger Concerns
The UK Competition and Markets Authority has given AkzoNobel and Axalta until November 18 to offer a remedy for their proposed merger, after its Phase 1 decision found a realistic prospect of reduced competition in vehicle refinish coatings, the paints body shops use to repair and repaint cars. The regulator found no significant concerns in thermosetting powder coatings. Combined, the two companies would hold roughly 40 to 50 percent of UK refinish supply. The companies plan to propose the same fix accepted by the European Commission on November 6, the sale of AkzoNobel's European vehicle refinish business including its UK operations. The all stock merger of equals, announced in November 2025 and approved by both shareholder groups in August, would create a coatings giant with about $17 billion in annual revenue and is still targeted to close in early 2027.
Read the full story at PCI Magazine →
Pistons News summarizes the day's most important automotive news and links to the original reporting. The full story, photos and video are at the source above.