Axalta has announced it has successfully completed the acquisition of U-POL in a move the company says strengthens its global refinish leadership position.
“The addition of U-POL’s team, industry expertise and operations strengthen our capabilities and provide a strong platform for future growth,” said Robert Bryant, Chief Executive Officer at Axalta. “We’ll work to make the integration of U-POL as seamless as possible, while maintaining high levels of service to our customers. I’m pleased to welcome our newest team members to the Axalta family and look forward to all we can accomplish together as one Axalta.”
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 will expand Axalta’s addressable market into the important and growing mainstream and economy refinish segments,” the company said. “Axalta will 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.”