M&A Deal Summary

Axalta Acquires United Paint & Chemical - Automotive Interior Rigid Thermoplastics Coatings Business

On July 20, 2016, Axalta acquired chemicals company United Paint & Chemical - Automotive Interior Rigid Thermoplastics Coatings Business from United Paint & Chemical

Acquisition Highlights
  • This is Axalta’s 4th transaction in the Chemicals sector.
  • This is Axalta’s 3rd transaction in the United States.
  • This is Axalta’s 1st transaction in Michigan.

M&A Deal Summary
Date 2016-07-20
Target United Paint & Chemical - Automotive Interior Rigid Thermoplastics Coatings Business
Sector Chemicals
Buyer(s) Axalta
Sellers(s) United Paint & Chemical
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Axalta

Glen Mills, Pennsylvania, United States
Category Company
Founded 1866
Sector Chemicals
Employees12,000
Revenue 5.2B USD (2023)
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. The company 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 Glen Mills, Pennsylvania.

DEAL STATS #
Overall 5 of 15
Sector (Chemicals) 4 of 13
Type (Divestiture) 1 of 4
State (Michigan) 1 of 2
Country (United States) 3 of 7
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Geeraets Autolak BV

Druten, Netherlands

Geeraets Autolak BV is a distributor of Axalta’s Cromax® refinish coating products in the Netherlands for nearly 40 years.

Buy -

Seller(S) 1

SELLER

United Paint & Chemical

Southfield, Michigan, United States
Category Company
Founded 1953
Sector Chemicals
DESCRIPTION

United Paint & Chemical Corp. is a formulator and manufacturer of coatings for automotive interior applications with approvals of its products. Its coating systems enhance the durability and aesthetic qualities of components, such as instrument panels, consoles and appliques.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
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