Axalta Acquires CA Facility for Refinish Business
Philadelphia-based coatings company Axalta recently announced that it has acquired what it calls a state-of-the-art manufacturing and distribution facility in Sacramento, California.
The company says it plans to use the facility to grow its North American Industrial and Refinish businesses.
“Axalta has built an industry-leading business based on listening to, and reacting to, the increasing requirements of our customer-base,” said Michael Cash, Axalta Senior Vice President and President, Industrial Coatings.
“Axalta will continue to make these necessary investments to ensure we have the technologies our customers need to remain competitive and the manufacturing capability to get those products to them as quickly as possible.”
According to Axalta, the 150,000-square-foot facility has a production capacity of more than 15 million gallons.
“In the past three years, we have seen tremendous growth on the West Coast, at all levels of the collision repair customer base,” added Troy Weaver, Axalta Vice President of Refinish Americas. “This investment in capacity will enable our Refinish business to be closer to those customers and differentiate our service offering.”
Financial terms of the deal were not disclosed.