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Axalta Coating Systems Plans to Acquire Valspar’s Wood Coatings Business

Axalta Coating Systems agrees to buy Valspar's North American Industrial Wood Coatings Business

United States: Axalta Coatings, a United States based manufacturer of paints and industrial coatings has entered into a definitive agreement to acquire North American Industrial Wood Coatings business of Valspar. The acquisition deal is valued at USD420 million in cash transaction. According to the deal, Axalta Coatings would acquire manufacturing sites, R&D assets, and underlying intellectual property related to North America Industrial Wood Coating business of Valspar. The acquisition is a part of strategic expansion of Axalta Coatings to strengthen and diversify its performance coatings segment.

TechSci Research depicts that the acquisition would help Axalta Coatings in widening its industrial wood coatings product portfolio and aid the company in building strong relationship with its customers by catering to their needs in more efficient manner.

 According to the recently published report by TechSci Research, Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021, global pigments market size is estimated to cross US$ 34 billion by 2021. Segment-wise, inorganic pigments dominated the overall market in 2015, and this trend is anticipated to continue through 2021. Inorganic pigments are widely used in paints & coatings and plastics to provide various functional properties such as heat stabilization, antistatic, flame retardants, anti-block and UV stabilization. In 2015, Asia-Pacific region dominated the global pigments market, owing to huge presence of paints & coatings, plastics, construction and printing ink industries, coupled with increasing investments across diverse industry verticals. Few of the major companies operating in the global pigments market include BASF, Clariant, Huntsman, Tronox, and Lanxess, among others.

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