Axalta completes acquisition of U-POL
Axalta has successfully completed the previously announced acquisition of U-POL. The acquisition of U-POL, a leading supplier of paint, protective coatings and accessories primarily for the automotive aftermarket, is intended to strengthen Axalta’s refinish position.
U-POL’s portfolio of automotive refinishing products and accessories include fillers, coatings, aerosols, adhesives, and paint related products as well as other automotive aftermarket protective coatings. The addition of these offerings is intended to expand Axalta’s addressable market into the important and growing mainstream and economy refinish segments.
Axalta wants to accelerate the growth of U-POL’s product portfolios by increasing market access through Axalta’s existing sales and distribution channels while leveraging U-POL’s distribution channels to extend the reach of Axalta’s refinish coatings portfolio to new customers.
“Strengthen our capabilities”
“The acquisition of U-POL is another step in Axalta’s growth strategy and strengthens our global leadership position in the refinish coatings segment,” said Robert Bryant, Axalta’s Chief Executive Officer. “The addition of U-POL’s team, industry expertise, and operations strengthen our capabilities and provide a strong platform for future growth. We’ll work to make the integration of U-POL as seamless as possible, while maintaining high levels of service to our customers.”
