Nov. 4, 2015—Axalta Coatings Systems purchased ChemSpec USA, a manufacturer of coatings for the economy segment, this week.

“The team at ChemSpec USA is very excited about the opportunities that the acquisition by Axalta will present to our customers, employees and external partnerships,” said Ron Snow, president ChemSpec USA. “It will allow ChemSpec USA as well as its current and future customers huge growth opportunities by having the financial backing and automotive refinish experience Axalta will bring to our organization.”

“We’re very excited about the  ChemSpec acquisition,” said Nigel Budden, vice president of Axalta. “This acquisition will help us to better understand and enable new growth in the economy coatings segment.”