Axalta Completes Acquisition of UAE-Based Capital Paints
Axalta 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.
“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,” said Sobers Sethi, president of Emerging Markets at Axalta. “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.”