PHILADELPHIA--(BUSINESS WIRE)--
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid
and powder coatings, announced today its acquisition of the business of
Ellis Paint Company, a prominent manufacturer of industrial and
automotive refinish paint in North America. Financial terms of the
transaction were not disclosed.
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Michael Cash, Senior Vice President and President, Industrial Coatings of Axalta Coating Systems and Sandy Berg, President and CEO of Ellis Paint Company, joined by members of Axalta and Ellis management. (Photo: Axalta)
Founded in 1887, Ellis Paint Company is a well-known manufacturer and
distributor of a strong portfolio of coating products suited for an
extensive array of industrial applications and substrates including
steel, concrete and wood, shipping vessels and construction equipment,
and indoor and outdoor furnishings and fittings. Ellis Paint Company
products include the Hy-Lux line of multi-purpose coatings, the
Shaft-Lac line of solventborne coatings, the Maximus line of low VOC
industrial maintenance coatings, and the Engard line of heavy-duty
industrial coatings. The automotive segment of Ellis, Pacific Coast
Lacquer, developed Poly-Primer, a legacy product which was the original
solution to high VOC lacquer primer in the vanguard of the evolution of
low VOC coatings in the automotive industry. Pacific Coast Lacquer is a
name with a strong reputation in body shops, custom shops and auto
design studios.
“We are excited to have the extensive range of high quality Ellis Paint
Company brands join Axalta’s portfolio of products,” said Michael Cash,
Axalta Senior Vice President and President, Industrial Coatings. “Ellis
Paint’s commitment to providing innovative and sustainable coatings is
renowned in the industry and will align well with our focus on
technology and business strategy. We are committed to the continued
support of Ellis Paint’s current customers and look forward to
leveraging Axalta’s market strength to extend the reach of Ellis Paint’s
fine brands to new customers.”
Ellis Paint Company has developed a vision and entrepreneurial spirit
that has led to global solutions such as lowest VOC formulations, best
transfer technologies and spent material recycling practices. From
product development, manufacturing and application systems to its
ability to respond to the evolving environmental priorities, Ellis Paint
Company has fostered a reputation of being a partner that contributes to
the success of its customers.
“It has been a dream of ours to take our quality products even further,”
said Sandra Berg, President and CEO of Ellis Paint Company. “Our company
has proven itself in California through three generations. It is
tremendously exciting to know that Axalta will not only help us better
serve our current customers, but also make our assortment of
environmentally responsible products available to a wider range of
national and international customers.”
For more information about the Ellis Paint Company line of products,
please click here: www.axalta.com/EllisPaint.
About Axalta Coating Systems
Axalta is a leading global company focused solely on coatings and
providing customers with innovative, colorful, beautiful and sustainable
solutions. From light OEM vehicles, commercial vehicles and refinish
applications to electric motors, buildings and pipelines, our coatings
are designed to prevent corrosion, increase productivity and enable the
materials we coat to last longer. With 150 years of experience in the
coatings industry, the 12,800 people of Axalta continue to find ways to
serve our more than 100,000 customers in 130 countries better every day
with the finest coatings, application systems and technology. For more
information visit axaltacoatingsystems.com
and follow us @Axalta on Twitter
and on LinkedIn.
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Source: Axalta Coating Systems