ID
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical Engineering MagazineChementator Briefs
New adsorbent Last month, BASF SE (Ludwigshafen, Germany; www.basf.com) launched…
BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEENGINEERING PRACTICEENVIRONMENTAL MANAGEREQUIPMENT & SERVICESFOCUS
ConvalFocus on Valves
These versatile, modular valves enable quick installation More than 2,500…
NEW PRODUCTS + Show More

Comment

Axalta acquires thermoplastic coating specialist Plascoat Systems

By Mary Page Bailey |

Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has acquired U.K.-based Plascoat Systems Limited (www.plascoat.com), a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed.

Established in 1952, Plascoat has pioneered the science behind the formulation, manufacturing and application of thermoplastic polyolefin coatings. Plascoat’s industry-leading product portfolio includes Plascoat PPA 571, a flexible, tough and highly durable plastic coating used for a wide variety of outdoor applications, Talisman, a hard wearing, tough plastic coating used extensively in the dishwasher basket coating market, and Plascoat PPA 571 Aqua, a unique plastic coating for potable water pipes, in addition to many other high performing coatings designed to meet the highest industry standards.

“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, IPT Ltd. “We look forward to our future with Axalta.”

As part of the transaction, Axalta will acquire both Plascoat manufacturing facilities in Farnham, England and Zuidland, Netherlands.

Related Content
Making multifunctional windows
Concern with energy efficiency has increased the popularity of window glass coatings that control the amount of sunlight that passes…
Highly reinforced low-VOC coatings
This company has introduced a new range of low-VOC coatings that provide 100%-solids epoxy lining performance. The coatings are reinforced…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
How can accurate pH measurement prevent power plant corrosion?
Five Reasons Why Chemical Companies Are Switching to Tunable Diode Laser Analyzer Technology
Simplify sensor handling and maintenance with ISM
Three reasons to measure pH in-line
ABB Ability™ technology to transform BASF rotating equipment into intelligent machinery and improve uptime and reliability

View More

Live chat by BoldChat