Axalta To Acquire UAE-Based Powder Coatings Manufacturer Capital Paints #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / News / Local News
Local News
   

Axalta To Acquire UAE-Based Powder Coatings Manufacturer Capital Paints
(16 September 2019)
Acquisition expected to expand Company’s scope and footprint in the MENA Region


 

Axalta (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, today announced that it has entered into a definitive agreement to acquire Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer specializing in architectural powder coatings. The transaction is subject to required regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2019.  Financial terms of the transaction were not disclosed.

               "With this acquisition, Axalta will expand its footprint in the Middle East and North Africa (MENA) region and add to our strong manufacturing base, paving the way for future business growth in the region," said Sobers Sethi, Vice President and President, Emerging Markets of Axalta. 

"This acquisition is in line with our business objective to provide better support and technical services to local customers in the Oil & Gas and architectural segments, while also helping us enter other key markets in the Middle East region," continued Sethi.  "Capital Paints customers will gain access to Axalta products and services that meet divergent needs, such as Nap-Gard® for pipe coatings and Alesta® for architectural coatings. We are excited to bring these products and many other of Axalta's market leading products to customers throughout MENA."

              "The addition of Capital Paints to Axalta's portfolio is a great example of our continued expansion in emerging markets," concluded Mr. Sethi.  "We are looking forward to enhancing our position as a Global market leader across the UAE and MENA and expect that this acquisition will help to drive growth for Axalta and benefit both new and existing customers."

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance