NewsBite

Duluxgroup Limited

June

Orica CEO Sanjeev Gandhi and chairman Malcolm Broomhead at Orica House in East Melbourne.

What do Nobel, Dulux and Australia’s first high-rise have in common?

From making bricks for the 1956 Olympics to paint, explosives and mining technology company Orica’s long history mirrors the Australian economy.

  • Patrick Durkin

November 2022

Incitec buys time as demerger plan splits investors

IPL boss Jeanne Johns is confident investors will back her plan to break up the fertiliser and explosives company, but dissenting voices remain.

  • Peter Ker

March 2022

Vanessa Rudnick says her postgraduate degree helped her to move into a management role at DuluxGroup more quickly.

Supply chain crisis opens up career opportunities

Postgraduate education can help professionals better manage processes, solve problems more effectively and fast track career progression.

  • Nicki Bourlioufas

October 2020

Federal Treasurer Josh Frydenberg.

Investment tax break could be widened

Josh Frydenberg has asked Treasury and the Business Council of Australia to discuss options to extend the $26.7 billion plan to more companies that miss out.

  • Jennifer Hewett and Tom McIlroy

August 2020

Melbourne lockdown won’t stop the beer flowing

CUB's brewery in Abbotsford, which makes Victoria Bitter, Carlton Draught and other brands for a big part of Australia, is deemed essential.

  • Simon Evans
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Solomon Lew: "Delaying has only placed further pressure on the rest of the country and the national economy."

Billionaire Solomon Lew says Victoria should have acted sooner

The owner of Just Jeans, Jay Jays and Smiggle had already decided to shut their stores in Melbourne from July 8.

  • Sue Mitchell, Simon Evans, Angela Macdonald-Smith, James Frost and James Fernyhough

June 2020

Dulux is the market leader in Australia's paint industry.

Dulux rides the Bunnings DIY boom

People stuck at home have been buying paint with gusto for mini-refurbishments in a sector about to undergo another shake-up.

  • Simon Evans

May 2020

Treasury Wine Estates boss Mike Clarke will depart just as Dulux CFO Stuart Boxer arrives on July 1 to oversee strategy and M&A.

Treasury Wine hires Dulux CFO to drive dealmaking

It's a different form of liquid as the CFO from paint maker Dulux heads to the owner of Penfolds to drive strategy and M&A.

  • Simon Evans

February 2020

Matthew Vaughan joined his father's business in the mid 1980s

Industrial builder seeks capital partner

Vaughan Constructions has completed over 2000 projects since it was founded in 1955. Deloitte's Xander Alpherts is leading the hunt for a capital partner.

  • Larry Schlesinger

January 2020

Deutsche Bank's Alex Cartel's prediction of more bids for Australian companies from Japan has been backed by a Herbert Smith Freehills report into local mergers and acquisitions.

Japan predicted to dominate inbound M&A

Readers watching the merger and acquisition space should keep a keen eye on Japan, which is likely to be the origin point of several takeover bids in the new year.

  • Lucas Baird

December 2019

It's been another very hard year for corporate Australia.

The good, bad and ugly of corporate Australia in 2019

The departure of two big bank CEOs and chairmen says it's been yet another tough year for the top end of town.

  • James Thomson

September 2019

McKinsey & Co says a pay-off for a full-scale embrace of AI, robotics and agile thinking in Australian manufacturing will be substantial.

McKinsey says local firms missing $20b profit pool

Being a ''fast follower'' makes sense for many Australian firms, but McKinsey & Co says $20 billion is going begging because of sloth on robotics and AI.

  • Simon Evans

July 2019

97.6 per cent of Dulux shares were voted in favour of the Nippon Pains buyout.

Dulux falls to Nippon Paint as rival Haymes stands up

Dulux chairman labels it "a little bit of a sad day" as ownership heads offshore, with smaller rival Haymes draping itself in an Australian flag.

  • Simon Evans
CEO Patrick Houlihan enters his final week in charge of DuluxGroup with Nippon Paint set to take the company private.

Directors, proxy firms talk 'go shop' in wake of DuluxGroup

DuluxGroup will depart the ASX-boards on Wednesday, when shareholders vote in favour of a $4.2 billion bid from Japan's Nippon Paint. 

  • Sarah Thompson and Anthony Macdonald

May 2019

Dulux House offers 6000 sq m of office space.

Rich Lister Tarascios to divest Dulux HQ as Docklands project emerges

Rich Listers the Tarascio family are divesting an older asset as they inject capital into a build-to-rent and hotel development at Docklands.

  • Larry Schlesinger
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Dulux boss Patrick Houlihan says the group is resilient through all economic, political and regulatory changes.

Dulux says renovators will brush off any shift to ALP

Renovators and those doing regular maintenance paint jobs will keep on keeping on should Labor win Saturday's federal election, says the Dulux boss.

  • Simon Evans
Dulux will lease the new warehouse for 10 years.

Dulux strikes $2m-a-year lease for new Perth warehouse

The new $27m distribution and storage facility at 4 Bickley Road in Maddington will developed by veteran industrial developer Michael Hodgson.

  • Larry Schlesinger
Nippon Paints shares have fallen almost 7 per cent since the bid for Dulux was announced.

Grant Samuel brushes up on Dulux value

Nine years after advising Dulux on a demerger, Grant Samuel is back to decide whether Nippon Paints' bid for the paint company is fair and reasonable.

  • Simon Evans

April 2019

The prospect of a rival bid for Dulux is low.

Break fee of $38m helps keep a lid on Dulux rival bidders

A break fee representing a quarter of Dulux's annual profits is an extra deterrent to any rival bid, along with the high price offered by Nippon Paints.

  • Simon Evans
Dulux has received a $3.8 billion takeover offer from Japanese giant Nippon Paint

Dulux agrees to Nippon Paints' $3.8b takeover

Dulux boss Patrick Houlihan, who has been at the helm for 12 years, intends staying on after the $3.8 billion takeover by Nippon Paints.

  • Simon Evans

Original URL: https://www.afr.com/company/dlx-ia