To expand presence in the automotive aftermarket Axalta Coating Systems has 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.
- U-POL sells its products in over 100 countries and is widely known for its leading brands, including Raptor®, Dolphin®, and Gold, among others.
- Axalta will accelerate growth of U-POL’s products by expanding market access through Axalta’s existing sales and distribution channels while leveraging U-POL’s distribution channels to extend the reach of its Refinish Coatings portfolio to new customers.
The major deals and investments by Axalta are featured below:
May 2021: In order to boost eco-responsible coatings in China, Axalta Coating Systems has 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.
November 2019, Axalta had completed the acquisition of Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer. Capital Paints will operate as one of three Axalta powder manufacturing facilities in the Emerging Markets region, with the others located in Malaysia and Indonesia.
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