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INDUSTRYNEWS


THE CARLYLE GROUP COMPLETES ACQUISITION OF DUPONT PERFORMANCE COATINGS


Axalta Coating Systems to be New Company Name


Washington, DC – Global alternative asset


manager The Carlyle


Group (NASDAQ:CG) has completed its


acquisition of DuPont


Performance Coatings for US$4.9 billion and announced today that the company is being renamed Axalta Coating Systems.


Axalta Coating Systems is aglobal supplier of coatings to the transportation and industrial sectors.


The investment was funded primarily with equity from Carlyle


Partners Vand Carlyle Europe Partners III.


“Weare excited to invest in Axalta Coating Systems and believe its strong market position and global footprint will enable the company to capitalize on opportunities in rapidly emerging markets such as China and Brazil. As experienced investors in the industrial and transportation sectors, the One Carlyle global network can help Axalta Coating Systems grow and create value,” said Martin Sumner,Principal of The Carlyle Group.


Charlie Shaver,the company’s Chairman and CEO,added, “Welook forward to this exciting next chapter for Axalta Coating Systems. Our global scale with 35 plants and seven technology centers around the world, combined with Carlyle’s industrial focus and global network, position us well for the future.”


As an independent company,Axalta Coating Systems will build on afoundation of more than 90 years in the coatings industry.The company serves more than 120,000 customers in 130 countries and provides customers with afull range of coating systems.


“In addition to driving performance and excellence, one of our greatest strengths is the systems-based approach we take with our customers,” said John G. McCool, President of Axalta Coating Systems. “Along with coatings, we provide customers afull spectrum of tools and services to help them use our products effectively.Weoffer customers hands-on opportunities to learn how to use these products and applications tools in our 42 training centers throughout the world. This capability helps our customers improve their performance and


26 SURFACEWORLD april 2013


productivity while allowing us to enhance our offerings by gaining abetter understanding of customer preferences.”


Axalta Coating Systems develops, manufactures and sells coatings and application tools to automobile repair body shops and original equipment manufacturers in the automotive and heavy-duty truck markets. Its strong market positions are supported by global brands including Standox®


,Spies Hecker® and DuPont


Refinish. The company’s technology leadership is highlighted by its best-in-class third generation of waterborne systems developed to address growing customer requirements for higher productivity and environmentally friendly coatings. Axalta Coating Systems also serves the decorative, architectural, general industrial and job-coater segments of the powder coatings market under the brands Alesta® Powder Coatings, NAP-GARD® Coatings and ABCITE®


FBE Powder Powder Coatings.


Axalta Coating Systems will continue to do business as DuPont Performance Coatings for the next several months until the new name is formally launched in the second quarter of 2013. The company’s beta website www.axaltacoatingsystems.com is underdevelopment and will enable visitors to navigate to sites that contain information about its products and services.


Email: info@axaltacoatingsystems.com follow us on Twitter @surfaceworldmag


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