Coatings M&A to continue despite heavy consolidation

摘要

NEW YORK (ICIS)--Mergers and acquisitions (M&A) in the red-hot coatings sector are likely to continue even after major consolidation, an investment banker said on Tuesday. “It’s remarkable how much the coatings industry has consolidated. A decade ago the top 10 companies had around a quarter of global market share. Now it is half, with the top 3 having about 30%,” said Leland Harrs, managing director at investment bank Houlihan Lokey.