M&A Deal Summary

Axalta Acquires ChemSpec USA

On November 3, 2015, Axalta acquired chemicals company ChemSpec USA

Acquisition Highlights
  • This is Axalta’s 1st transaction in the Chemicals sector.
  • This is Axalta’s 1st transaction in the United States.
  • This is Axalta’s 1st transaction in Ohio.

M&A Deal Summary

Date 2015-11-03
Target ChemSpec USA
Sector Chemicals
Buyer(s) Axalta
Deal Type Add-on Acquisition

Target

ChemSpec USA

Orrville, Ohio, United States
ChemSpec USA, Inc. is a manufacturer of coatings for the economy segment. ChemSpec was formed in 1976 and is based in Orrville, Ohio.

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Buyer(S) 1

Buyer

Axalta

Philadelphia, Pennsylvania, United States

Category Company
Founded 1866
Sector Chemicals
Employees12,600
Revenue 5.3B USD (2024)
DESCRIPTION
Axalta's corporate headquarters in downtown Philadelphia.
Axalta's corporate headquarters in downtown Philadelphia.

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. Axalta comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 2 of 15
Sector: Chemicals M&A 1 of 13
Type: Add-on Acquisition M&A Deals 2 of 11
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Metalak Benelux B.V.

Tiel, Netherlands

Metalak Benelux B.V. is a distributor of Axalta’s Spies Hecker® refinish coating products sold in the Netherlands and in Flanders, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Dura Coat Products

Riverside, California, United States

Dura Coat Products, Inc. is a manufacturer of coatings for metal coil and related markets in North America.

Buy -