Toronto, Ontario — On Nov. 26, paint and coatings manufacturer Axalta announced the acquisition of Capital Paints LLC, a United Arab Emirates-based thermosetting powder coatings manufacturer.
The company said Capital Paints will operate as one of three Axalta powder manufacturing facilities in its emerging markets region, with the other plants located in Malaysia and Indonesia.
“This is an exciting milestone for Axalta,” said Sobers Sethi, president of Emerging Markets for Axalta. “Having a powder coating manufacturing base in the Middle East and North Africa region creates a significant opportunity for us to bring our powder coating technologies to our customers in the oil, gas and architectural segments.”
Axalta’s powder coatings, which includes brands such as Nap-Gard and Alesta, are widely used in a variety of end applications in the automotive and transportation.