Axalta to acquire u-pol, a leading paint, protective coatings, and accessories manufacturer for the automotive aftermarket

Philadelphia, july 7, 2021 /prnewswire/ -- axalta coating systems (nyse: axta), a leading global supplier of liquid and powder coatings, today announced that it has entered into definitive agreements to acquire u-pol holdings limited ("u-pol") from graphite capital management llp and other holders for £428 million (approximately $590 million) subject to certain adjustments set forth in the sale and purchase agreements for the transaction. founded in 1948 and based in the united kingdom, u-pol is a leading manufacturer of repair and refinish products used primarily for automotive refinish and aftermarket protective applications.
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