Axalta acquires refinish coatings company in Malaysia

Axalta acquires refinish coatings company in Malaysia

9:21 AM, 4th July 2016
Axalta acquires refinish coatings company in Malaysia
From left: Sobers Sethi, Axalta VP, East and South Asia and Kee Seong Ng, Managing Director, High Performance Coatings completing Axalta’s acquisition of the High Performance Coatings.

PHILADELPHIA, US: Axalta Coating Systems has acquired High Performance Coating Sdn Bhd, in Malaysia, a leader in refinish coatings in Southeast Asia. The acquisition will strengthen Axalta’s capability to serve refinish customers in the region with additional product offerings and expanded sales and service network.

Established in 1996, High Performance Coating manufactures several well-known brands including HIPIC, Nebula and Marvel.

Axalta operates extensively in all the markets in South and East Asia, serving customers in the refinish, light vehicle and commercial vehicle OEM segments, and a wide range of industrial end markets including the construction industry.

“The acquisition of High Performance Coating expands Axalta’s product portfolio further and will allow us to offer a much broader range of products and value propositions to our customers. Axalta’s technology and systems, coupled with High Performance Coating’s manufacturing, products and distribution network, will enable us not only to serve High Performance Coating’s current customers but also give us the opportunity to serve customers in other markets in the region,” said Sobers Sethi, VP of Axalta’s South and East Asia Region.

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