Axalta Coating Systems Ltd. acquired U-POL Holdings Limited for £428 million (approximately $590 million), a transaction announced in September 2021.
Acquired the U.K.-based manufacturer of automotive aftermarket paint, protective coatings and accessories (Raptor, Dolphin brands) to strengthen Axalta's global Refinish leadership and expand into mainstream/economy and DIY segments; funded from cash on hand.
Acquired the U.K.-based manufacturer of automotive aftermarket paint, protective coatings and accessories (Raptor, Dolphin brands) to strengthen Axalta's global Refinish leadership and expand into mainstream/economy and DIY segments; funded from cash on hand.
Axalta Coating Systems (NYSE: AXTA) ... today announced that it has entered into definitive agreements to acquire U-POL Holdings Limited (“U-POL”) from Graphite Capital Management LLP and other holders for £428 million (approximately $590 million).
Advisory firms were not disclosed for this transaction.