Axalta to Acquire Century
A Pennsylvania liquid and powder coatings manufacturer has announced an agreement to purchase a Texas-based coating company that offers high-performance coatings for a variety of applications, including construction.
Axalta (Philadelphia) plans to acquire Century Industrial Coatings, a 50-year-old company that makes coatings for structural steel, oil and gas, rail cars and OEM applications.
Jacksonville, Texas-based Century is known for products including CenturyGuard water-based primers, Century Extreme epoxy and polyurethane coatings, and its Century EcoExtreme line, designed for its low VOC content.
Financial terms of the deal were not disclosed.
Century, which has been under the same ownership since its founding in 1966, produces coil coatings; high-performance coatings for concrete floors and harsh environments; coatings for steel joists; fillers and topcoats for particleboard and MDF; coatings for steel doors; storage tank coatings; and wood coatings.
Century provides coatings for customers in North and South America.
Century was honored in 2012 with a Texas Environmental Excellence Award for its development of a low-VOC water-based joist primer.
Axalta employs more than 12,800 workers and does business in more than 130 countries. The firm reported net sales of $4.1 billion in 2015. Axalta manufactures liquid and powder coatings for industrial, OEM and architectural applications.