Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it has completed the acquisition of Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer. Capital Paints will operate as one of three Axalta powder manufacturing facilities in the Emerging Markets region, with the others located in Malaysia and Indonesia.
“This is an exciting milestone for Axalta,” said Mr. Sobers Sethi, President of Emerging Markets at Axalta. “Having a powder coating manufacturing base in the Middle East and North Africa (MENA) region creates a significant opportunity for us to bring our powder coating technologies to our customers in the oil and gas and architectural segments. With our industry-leading products, services and technology in powder coatings, we are well positioned to serve our customers and help them grow their businesses.”
As a global leader in the powder coatings market, with leading brands such as Nap-Gard® for pipe coatings and Alesta® for architectural coatings, Axalta’s powder products are widely used in a variety of end applications which demand high-quality standards including automotive and transportation, high-end architectural applications, oil and gas pipelines, rebar, appliances, general industrial and many other segments.
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