Axalta Coating Systems, a leading supplier of powder and liquid coatings, has recently reached a huge milestone with the acquisition of United Paint’s automotive interior rigid thermoplastics coatings business for undisclosed sum.
After the deal, production will remain in the meantime at United Paint’s Southfield, Michigan facilities and will transfer to Axalta’s facilities in a phased manner.
In a statement, Steven R. Markevich, Axalta Executive Vice President and President of Transportation Coatings and Greater China, said that United Paint’s interior rigid thermoplastics coating technology is a great fit for Axalta as they fulfill their commitment to offer their customers in the global vehicle manufacturing industry with a complete array of coating systems.
He noted that vehicle interiors are a logical extension of the expertise they have deployed to serve the growing automotive plastic components market as conventional materials are replaced by lightweight alternatives. “Vehicle manufacturers will benefit by being able now to rely on Axalta as a single source supplier of coatings for vehicle interiors as well as exterior surfaces.”
According to J. Geoff Piceu CEO of United Paint, they believe Axalta is an outstanding long-term home for their automotive interior rigid thermoplastics coatings business. He said that with the company’s leadership position in the automotive exterior coatings market, its history of innovation, focus on customers and its global scale and reach, they are confident Axalta would help the inpiduals, products and customers associated with this segment of their business to maximize their global potential.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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