U-POL manufactures automotive refinishing products including fillers, coatings, aerosols, adhesives, and protective coatings for professional bodyshops and distributors worldwide.
Axalta Coating Systems says it completed its previously announced acquisition of U-POL Holdings Limited in September 2021, strengthening its global refinish coatings leadership position.
Axalta Coating Systems completes its acquisition of U-POL Holdings Limited, a supplier of paint, protective coatings, and accessories for the automotive aftermarket. The announcement identifies U-POL’s product categories and market but does not provide transaction terms, financial details, or information about the companies’ plans after closing.
Axalta Coating Systems enters definitive agreements to acquire U-POL Holdings Limited for $590 million. The acquisition expands Axalta’s refinish accessories and protective coatings business.
Axalta plans to acquire U-POL from Graphite Capital in a $590 million cash transaction. The manufacturer makes fillers and coatings sold under brands including Raptor, Dolphin, Gold, System 20, and Tiger Seal. U-POL expects fiscal 2021 net sales of about $145 million.
