Axalta Purchases ChemSpec USA
Nov. 3, 2015—Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced on Tuesday that it has purchased ChemSpec USA.
Chemspec USA is a manufacturer of coatings for the economy segment.
“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, Axalta vice president. “This acquisition will help us to better understand and enable new growth in the economy coatings segment.”