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Axalta completes acquisition of UAE-based Capital Paints

Dec. 2, 2019
Addition of powder coatings manufacturer expands company’s footprint in Middle East, North Africa region

Axalta, a global supplier of liquid and powder coatings, recently completed the acquisition of Capital Paints, a United Arab Emirates-based thermosetting powder coatings manufacturer.

The company said Capital Paints will operate as one of three Axalta powder manufacturing facilities in its emerging markets region, with the others located in Malaysia and Indonesia.

“This is an exciting milestone for Axalta,” said Sobers Sethi, president of emerging markets at Axalta. “Having a powder coating manufacturing base in the Middle East and North Africa region creates a significant opportunity for us to bring our powder coating technologies to our customers in the oil and gas and architectural segments.

“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.”

Axalta’s powder products, including brands such as Nap-Gard for pipe coatings and Alesta for architectural coatings, are used in a variety of end applications that demand high-quality standards, the company said, including automotive and transportation, high-end architectural applications, oil and gas pipelines, rebar, appliances, and general industrial.

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