20 July 2016
Founded in 1953, United Paint is
a formulator and manufacturer
of highly innovative coatings
for automotive interior applications
with approvals of its products
by 25 of the world’s leading vehicle manufacturers.
Its coating systems enhance
the durability and aesthetic qualities of components,
such as instrument panels, consoles and appliques,
inside many of the world’s most successful
automotive programs.
For more information visit unitedpaint.com.
United Paint
DETAILS
J. Geoff Piceu, CEO of United Paint (left), and
David Grimes, Axalta Vice President,
Global Automotive Plastic Components,
announcing Axalta’s acquisition of the automotive
interior rigid thermoplastics coatings business
of Michigan-based United Paint and Chemical Corporation.
Axalta Coating Systems (NYSE: AXTA), has announced
the acquisition of the automotive interior
rigid thermoplastics coatings business of
Michigan-based
United Paint and Chemical Corporation.
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.
The divestiture of this segment of United’s business
will allow it to continue a 63-year legacy of reinvestment
in niche coating technologies.
Contact
John Wray
Two Commerce Square
2001 Market Street
Philadelphia, PA USA
- +1 586 789 7463
- John.W.Wray@axaltacs.com
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