M&A Deal Summary

Axalta Acquires High Performance Coating Sdn. Bhd.

On June 30, 2016, Axalta acquired chemicals company High Performance Coating Sdn. Bhd.

Acquisition Highlights
  • This is Axalta’s 3rd transaction in the Chemicals sector.
  • This is Axalta’s 1st transaction in Malaysia.

M&A Deal Summary

Date 2016-06-30
Target High Performance Coating Sdn. Bhd.
Sector Chemicals
Buyer(s) Axalta
Deal Type Add-on Acquisition

Target

High Performance Coating Sdn. Bhd.

Shah Alam, Malaysia
High Performance Coating Sdn. Bhd. is an automotive refinishes and paint manufacturing; offering comprehensive colour solutions and systems, brands including HIPIC, Nebula and Marvel.

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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 4 of 15
Sector: Chemicals M&A 3 of 13
Type: Add-on Acquisition M&A Deals 4 of 11
Country: Malaysia M&A 1 of 1
Year: 2016 M&A 2 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 United Paint & Chemical - Automotive Interior Rigid Thermoplastics Coatings Business

Southfield, Michigan, United States

United Paint & Chemical - Automotive Interior Rigid Thermoplastics Coatings Business is a supplier of coatings for vehicle interiors as well as exterior surfaces.

Buy -