07.25.16
Axalta Coating Systems has announced the acquisition of the automotive interior rigid thermoplastics coatings business of Michigan-based United Paint and Chemical Corporation. Production will temporarily remain at United Paint’s Southfield, Michigan facilities and will transfer to Axalta’s facilities in a phased manner. Financial terms of the transaction were not disclosed.
“United Paint’s interior rigid thermoplastics coating technology is a great fit for Axalta as we fulfill our commitment to provide our customers in the global vehicle manufacturing industry with a complete range of coating systems,” said Steven R. Markevich, Axalta executive vice president and president of Transportation Coatings and Greater China. “Vehicle interiors are a logical extension of the expertise we have developed to serve the growing automotive plastic components market as traditional materials are replaced by lightweight alternatives. Vehicle manufacturers will benefit by being able now to rely on Axalta as a single source supplier of coatings for vehicle interiors as well as exterior surfaces.”
“We believe Axalta is an excellent long-term home for our automotive interior rigid thermoplastics coatings business,” said J. Geoff Piceu CEO of United Paint. “With its leadership position in the automotive exterior coatings market, its history of innovation, focus on customers and its global scale and reach, we are confident Axalta will allow the individuals, products and customers associated with this segment of our business to maximize their global potential.”
“United Paint’s interior rigid thermoplastics coating technology is a great fit for Axalta as we fulfill our commitment to provide our customers in the global vehicle manufacturing industry with a complete range of coating systems,” said Steven R. Markevich, Axalta executive vice president and president of Transportation Coatings and Greater China. “Vehicle interiors are a logical extension of the expertise we have developed to serve the growing automotive plastic components market as traditional materials are replaced by lightweight alternatives. Vehicle manufacturers will benefit by being able now to rely on Axalta as a single source supplier of coatings for vehicle interiors as well as exterior surfaces.”
“We believe Axalta is an excellent long-term home for our automotive interior rigid thermoplastics coatings business,” said J. Geoff Piceu CEO of United Paint. “With its leadership position in the automotive exterior coatings market, its history of innovation, focus on customers and its global scale and reach, we are confident Axalta will allow the individuals, products and customers associated with this segment of our business to maximize their global potential.”
