原文：http://shenzhen.chinacompositesexpo.com/en/news-detail-92-15136.htmlOctober 28, Singapore -- Nippon Paint Holdings Co., Ltd. (hereinafter referred to as “NPHD”) announced that it has entered into a purchase agreement under which NPHD has agreed to acquire all of the equity interests of LSF11 A5 TopCo LLC and its subsidiaries (hereinafter referred to as “AOC”), which is a specialty formulator operating chiefly in the United States and Europe, to make it a subsidiary of NPHD. The purchase price is  2.3 billion USD or 16.4 billion RMB.

The Board of Directors of NPHD decided during its meeting held on September 26, 2024 to entrust the decision-making on the signing of the Purchase Agreement to both Representative Executive Officers and Co-Presidents of NPHD. Since all conditions have been met, NPHD has decided to formally sign the Purchase Agreement on October 28, 2024.

Backed by its broad customer base, including areas with significant growth potential, advanced technological capabilities that allow for high-level product customization tailored to customer needs, and flexible logistics network, AOC has secured a leading position in the US and European markets as a specialty formulator for CASE, colorants, and composite solutions. Additionally, the company features excellent cash generation capabilities, driven by excellent profitability and low capital expenditure requirements.

By joining the Group, AOC is expected to contribute to the sustainable compounding of EPS (earning per share) and aid in the growth of existing businesses through collaboration with group companies.

The closing date of the Acquisition is scheduled for H1 2025. As a result, NPHD expects that the impact of the transaction on its earnings for the fiscal year ending December 31, 2024 will be insignificant.

Regarding AOC India Pvt Ltd under AOC Group, due to the timeline required for obtaining necessary approvals from Indian regulatory authorities, all shares will temporarily be transferred outside AOC Group before the closing date of the Acquisition. However, once the necessary approvals are obtained, AOC Group intends to promptly reacquire all shares in AOC India Pvt Ltd.
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