Axalta Coating Systems to Acquire Plascoat Systems Limited
PHILADELPHIA - Axalta Coating Systems has acquired Plascoat Systems Limited, a supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed.
Established in 1952, Plascoat has pioneered the science behind the formulation, manufacturing and application of thermoplastic polyolefin coatings. Plascoat’s product portfolio includes Plascoat PPA 571, a flexible, tough and highly durable plastic coating used for a wide variety of outdoor applications, Talisman, a hard-wearing and tough plastic coating used extensively in the dishwasher basket coating market, and Plascoat PPA 571 Aqua, a unique plastic coating for potable water pipes, in addition to many other high-performing coatings designed to meet the highest industry standards.