Axalta Coating Systems to acquire Dura Coat Products
From left: Charlie Shaver, Axalta chairman/CEO; Dr. Myung K. Hong, Dura Coat founder, president, and chairman; Lorrie Hong, Dura Coat board member; and Michael A. Cash, Axalta senior vice president and president, industrial coatings.
Philadelphia-based Axalta Coating Systems, a supplier of liquid and powder coatings, has entered into a definitive agreement to acquire Dura Coat Products, a manufacturer of coatings for metal coil and related markets based in Riverside, Calif.
Axalta will initially purchase a majority stake in Dura Coat in Q3 2016 and the remaining shares by January 2019.
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