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Axalta Coating Systems Closes Acquisition of Southeast Asian Refinish Coatings Firm.

M2 EQUITYBITES-July 1, 2016-Axalta Coating Systems Closes Acquisition of Southeast Asian Refinish Coatings Firm

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1 July 2016 - US-based liquid and powder coatings supplier Axalta Coating Systems (NYSE: AXTA) has completed its acquisition of Malysia-based refinish coatings firm High Performance Coating Sdn. Bhd., the company said.

Terms of the deal were not disclosed.

The acquisition will strengthen Axalta's capability to serve refinish customers in the region with additional product offerings and an expanded sales and service network.

Established in 1996, High Performance Coating manufactures several brands including HIPIC, Nebula and Marvel.

Axalta operates in all the markets in South and East Asia, serving customers in the refinish, light vehicle and commercial vehicle OEM segments, and a wide range of industrial end markets including the construction industry.

The company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions.

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Date:Jul 1, 2016
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