Dulux has a market share in retail of about 47 per cent, and is very prominent in Bunnings.
US group PPG Industries bought Taubmans in 2007, while Wattyl is owned by US group Sherwin Williams.
Haymes Paints, which makes 12 million litres of paint a year, has about 7 per cent of Australia's retail market.
A director of Haymes Paints, soon-to-be the biggest locally owned paint maker in Australia, will try and claw away some market share with a patriotic push as new rival Japanese giant Nippon Paint becomes the owner of market leader Dulux.
Dulux shareholders on Wednesday overwhelmingly approved a $3.8 billion buyout by Nippon Paints, with 97.6 per cent of all shares voted in favour of the deal at a meeting in Melbourne.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
