Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site


D+D News

Main News Page

Axalta to Acquire Dura Coat

Wednesday, June 29, 2016

More items for Coatings Technology

Comment | More

Global powder coating maker Axalta Coating Systems has announced plans to acquire Riverside, CA-based Dura Coat Products Inc., a manufacturer of coatings for metal coil and related markets in North America.

Terms of the transaction, announced Monday (June 27), were not disclosed. The deal is expected to close in the third quarter of 2016, subject to regulatory approvals and other closing conditions.


From left: Charlie Shaver, Axalta Chairman and CEO; Dr. Myung K. Hong, founder, president and chairman of Dura Coat; Lorrie Hong, member of the board of directors of Dura Coat; and Michael A. Cash, Axalta senior vice president and president, Industrial Coatings.

Under the proposed deal, Axalta will purchase a majority stake in Dura Coat at the closing and the remaining outstanding shares by January 2019.

About Dura Coat

Founded in 1986, Dura Coat manufactures innovative and eco-friendly coatings for building construction, general industrial applications and treatment of aluminum extrusions. The company’s brands include Durapon, Ceranamel and the XT series of specialty coatings.

Dura Coat operates two coatings manufacturing facilities—one in Riverside and the other in Huntsville, AL.

Axalta Chairman and CEO Charlie Shaver commented, “Dura Coat’s market-leading technology, strong company values, and commitment to customers are extremely well-aligned with Axalta’s priorities.

“With this partnership, we look forward to offering our combined customer base an even broader range of solutions to meet their requirements with the most innovative coil coating products and colors in the marketplace today.”

A Match

Philadelphia-based Axalta has product lines complementary to Dura Coat’s offerings, including Alesta and Abcite powder coatings, AquaEC electrocoat products and Imron industrial coatings, which serve customers in construction, architectural and general industrial sectors, according to the company.

Dr. Myung K. Hong, founder, president and chairman of Dura Coat, stated, “All of us at Dura Coat are excited about the opportunity to become a part of the Axalta family. Axalta’s customer focus and global footprint will help open more doors for our products, and will enable us to build on the successful legacy of Dura Coat.

“The strong commitment to technology that we share will enable us to continue to deliver innovative products and offer them to an ever expanding customer base.”


Tagged categories: Acquisitions; Axalta; Business matters; Extrusions; Metal coatings

Comment Join the Conversation:

Sign in to our community to add your comments.


Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com

The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker


© Copyright 2012-2019, Technology Publishing Co., All rights reserved