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 Acquires Thermoplastic Firm

Friday, August 18, 2017

More items for Coatings Technology

Comment | More

On Monday (Aug. 14), Axalta Coating Systems (Philadelphia) announced that it has acquired thermoplastic powder coatings company Plascoat Systems Limited, of Farnham, England.

Plascoat manufactures thermoplastic polyolefin coatings for a wide swath of markets, including oil and gas pipelines, water pipes, marine environments and indoor/outdoor wiring. The company’s product lines include PPA 571, a durable plastic coating used for a range of products including surfaces such as park benches; Polyethylene, for indoor wirework; and WireGuard G50 for outdoor wirework.

Axalta, Plascoat officials
Axalta Coating Systems

Axalta Coating Systems announced Monday that it has acquired Plascoat Systems Limited, a Farnham, England-based supplier of thermoplastic powder coatings.

As part of the deal, the financial terms of which have not been disclosed, Axalta will acquire both of Plascoat’s manufacturing facilities, in Farnham and in Zuidland, Netherlands, from Plascoat’s former parent company, IPT Ltd.

“Over the last 65 years, Plascoat has led the way in developing innovative, environmentally responsible coatings that meet the high corrosion resistance demands of customers around the globe,” said Michael Cash, Axalta senior vice president and president, Industrial Coatings. “We look forward to bringing this knowledge and expertise into Axalta to augment our existing thermoplastic powder coatings business and provide even more innovative products and solutions to our customers.”

“This is a great opportunity for Plascoat to grow as a business and advance our offerings while joining a company that places great value on their customers, new product development and impact on the environment,” said Jeremy Stoke, chairman of IPT Ltd. “We look forward to our future with Axalta.”

Other Acquisitions

Axalta’s acquisitions in 2017 have included:

   

Tagged categories: Acquisitions; Axalta; Industrial coatings; Oil and Gas; Thermoplastic

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Keim Mineral Coatings
 
Mineral Silicate Paints + Stains Fuse to Concrete
 
• Forms permanent chemical bonds
• Becomes part of the concrete
• Will never peel
• Looks completely natural
 

 
Novatek Corporation
 
Novatek Portable Air Filtration Systems
 
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!
 

 
Shield Industries, Inc
 
FireGuard® E-84 Intumescent Coating - Shield Industries, Inc
 
Trust the certified protection of the industry’s most innovative intumescent coating FireGuard® E-84 to provide you with the 1 and 2 hour fire ratings you need.
 

 
 
 

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 2012-2018, Technology Publishing Co., All rights reserved