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Axalta Acquires Thermoplastic Firm

Friday, August 18, 2017

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On Monday (Aug. 14), Axalta Coating Systems (Philadelphia) announced that it has acquired thermoplastic powder coatings company Plascoat Systems Limited, of Farnham, England.

Plascoat manufactures thermoplastic polyolefin coatings for a wide swath of markets, including oil and gas pipelines, water pipes, marine environments and indoor/outdoor wiring. The company’s product lines include PPA 571, a durable plastic coating used for a range of products including surfaces such as park benches; Polyethylene, for indoor wirework; and WireGuard G50 for outdoor wirework.

Axalta, Plascoat officials
Axalta Coating Systems

Axalta Coating Systems announced Monday that it has acquired Plascoat Systems Limited, a Farnham, England-based supplier of thermoplastic powder coatings.

As part of the deal, the financial terms of which have not been disclosed, Axalta will acquire both of Plascoat’s manufacturing facilities, in Farnham and in Zuidland, Netherlands, from Plascoat’s former parent company, IPT Ltd.

“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,” said Michael Cash, Axalta senior vice president and president, Industrial Coatings. “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.”

“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,” said Jeremy Stoke, chairman of IPT Ltd. “We look forward to our future with Axalta.”

Other Acquisitions

Axalta’s acquisitions in 2017 have included:

   

Tagged categories: Acquisitions; Axalta; Coatings Technology; EMEA (Europe, Middle East and Africa); Industrial coatings; North America; Oil and Gas; Powder Coatings; Thermoplastic

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