The leading automotive paint supplier, U-POL Holdings Limited announced that it has been acquired by Axalta Coating Systems. The acquisition of U-POL, a leading supplier of paint, protective coatings and accessories primarily for the automotive aftermarket.
- The deal will strengthens Axalta’s global refinish leadership position and supports its broader growth strategy.
- U-POL’s portfolio of high-quality automotive refinishing products and accessories include fillers, coatings, aerosols, adhesives, and paint related products as well as other automotive aftermarket protective coatings.
The major deals and investments by Axalta are featured below:
July 2021: To expand presence in the automotive aftermarket Axalta Coating Systems had agreed to acquire U-POL Holdings Limited (“”U-POL””) from Graphite Capital Management LLP for approximately $590 million. U-POL is a leading paint, protective coatings, and accessories manufacturer automotive refinish and aftermarket protective applications.
May 2021: In order to boost eco-responsible coatings in China, Axalta Coating Systems had completed the expansion of its waterborne coatings plant in Jiading, Shanghai, China. Axalta is an established leader in waterborne paint solutions for the mobility sector.
April 2021: In order to develop sustainable mobility, Axalta, had signed a strategic cooperation agreement with JETOUR, a Chery Holding’s brand in China. The agreement helps to partner on companys Intelligent and Healthy Ecological Vehicle Project.
March 2021: For electric and electronic consumers Axalta announced to acquire wire enamels producer Anhui Shengran Insulating Materials Co., Ltd. The addition of Anhui Shengran will be highly complementary to Axalta’s existing Energy Solutions portfolio.
May 2020: Axalta, announced that its Tlalnepantla facility, in Mexico, had shifted its manufacturing capabilities to produce more than 1,000 liters of hand sanitizer in response to COVID -19 pandemic. The sanitizer manufactured in Mexico donated to local healthcare facilities.
May 2020: Axalta, had announced partnership with Marathon Industries to coat truck bodies for the State of California’s COVID-19 response team using its Tufcote industrial products.
April 2020, In response to COVID-19, Axalta announced that it is leveraging its global operations and technical know-how to provide critical equipment and products to people and organizations in its local communities around the world.
Axalta is a leading global coating company, headquartered in Philadelphia, USA. The company provides innovative, colorful, and sustainable solutions across the world. Axalta has 150 years of experience in the coatings industry, and a workforce of 14,000 people serving more than 100,000 customers in 130 countries. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, Axalta coatings are designed to prevent corrosion, increase productivity and enable the materials to last longer