Houlihan Lokey is pleased to announce that Dunn-Edwards Corporation has been acquired by Nippon Paint Holdings Co., Ltd. The transaction closed on February 28, 2017.
Dunn-Edwards Corporation is a leading manufacturer of high-quality, branded architectural coatings and the No. 1 paint brand preferred by architects and contractors in the Southwest U.S. region. With 130 company-owned stores in Arizona, California, Nevada, New Mexico, and Texas, and more than 80 authorized dealer locations, Dunn-Edwards is one of the nation's largest independent manufacturers and distributors of architectural, industrial, and high-performance paints and paint supplies. Dunn-Edwards' international presence includes authorized dealers in Asia-Pacific, Central America, and EMEA. The company produces its coatings in an environmentally-friendly LEED® Gold-certified manufacturing plant in Phoenix. Headquartered in Los Angeles, the company has approximately 1,700 employees.
Headquartered in Osaka, Japan, Nippon Paint Holdings Co., Ltd. is the world's fourth-largest paint company and operates in more than 25 countries, with 2015 sales of $4.8 billion. The transaction provides Nippon Paint with an architectural coatings platform for growth throughout the United States.