Axalta Coating Systems Buys Automotive Interior Rigid Thermoplastics Coatings Business
PHILADELPHIA – Axalta Coating Systems has purchased the automotive interior rigid thermoplastics coatings business of Michigan-based United Paint and Chemical Corp. Production will temporarily remain at United Paint’s Southfield, Michigan, facilities and will transfer to Axalta’s facilities in a phased manner. Financial terms of the transaction were not disclosed. Grace Matthews advised United Paint on this transaction.
The thermoplastics coatings business, with operations in North America and China, is a formulator and manufacturer of coatings for automotive interior thermoplastic substrates. With approvals for its products by 25 of the world's leading vehicle manufacturers, the business produces coating systems that enhance the durability and aesthetic qualities of automotive instrument panels, consoles and other interior trim.