Axalta to Buy Powder Coatings Producer Capital Paints
2019-09-18    [Source:powderbulksolids.com]
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American liquid and powder coatings firm Axalta Coating Systems is poised to expand its presence in the Middle East and North Africa with the signing of a definitive agreement to purchase UAE-based thermosetting powder coatings manufacturer Capital Paints LLC, a company release announced Monday.
 
“This acquisition is in line with our business objective to provide better support and technical services to local customers in the oil & gas and architectural segments, while also helping us to enter other key markets in the Middle East region,” said Sethi. “Capital Paints customers will gain access to Axalta products and services that meet divergent needs, such as Nap-Gard for pipe coatings and Alesta for architectural coatings. We are excited to bring these products and many other of Axalta’s market leading products to customers throughout MENA.”
 
Axalta’s products are used across a wide array of industries and applications, including light OEM vehicles, buildings, and pipelines.

“With this acquisition, Axalta will expand its footprint in the Middle East and North Africa (MENA) region and add to our strong manufacturing base, paving the way for future business growth in the region,” Sobers Sethi, vice president and president, Emerging Markets of Axalta, said in a statement.

 

Source: https://www.powderbulksolids.com/news/Axalta-to-Buy-Powder-Coatings-Producer-Capital-Paints-09-17-2019

 

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