14 August 2017
Farnham Trading Estate
Farnham
Surrey
GU9 9NY
United Kingdom
Tel: +44 (0) 1252 733777
Fax: +44 (0) 1252 733233
Email: sales@plascoat.com
For more information about
the Plascoat Systems Limited product portfolio,
visit www.plascoat.com.
DETAILS
Axalta Coating Systems (NYSE: AXTA),
a leading global supplier of liquid and powder coatings,
announced today that it has acquired
a leading supplier of thermoplastic powder coatings,
from its parent company,
International Process Technologies (IPT) Ltd.
Financial terms of the transaction were not disclosed.
As part of the transaction, Axalta will acquire
both Plascoat manufacturing facilities in
* Farnham, England and
* Zuidland, Netherlands.
Established in 1952, Plascoat has pioneered
the science behind the formulation, manufacturing,
and application of thermoplastic polyolefin coatings.
Plascoat’s industry-leading product portfolio includes
a flexible, tough and highly durable plastic coating
used for a wide variety of outdoor applications,
a hard wearing, tough plastic coating used extensively
in the dishwasher basket coating market, and
a unique plastic coating for potable water pipes,
in addition to many other high performing coatings
designed to meet the highest industry standards.
Michael Cash,
Axalta Senior Vice President and President,
Industrial Coatings
“Over the last 65 years, Plascoat has led the way
in developing innovative, environmentally responsible coatings
that meet the high corrosion resistance demands
of customers around the globe,”
“We look forward to bringing this knowledge and expertise
into Axalta
to augment our existing thermoplastic powder coatings business
and provide
even more innovative products and solutions to our customers.”
Jeremy Stoke,
Chairman, IPT Ltd.
“This is a great opportunity for Plascoat to grow
as a business and advance our offerings
while joining a company that places great value
on their customers, new product development
and impact on the environment,”
“We look forward to our future with Axalta.”
Contacts
Axalta Coating Systems
Heather Marter
D +215 255 7904
heather.marter@axaltacs.com
axaltacoatingsystems.com
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