PHILADELPHIA--(BUSINESS WIRE)--Axalta (NYSE: AXTA) announced today that it has acquired a state of the art manufacturing and distribution facility in Sacramento, CA to support growth in its North American Industrial and Refinish businesses. Financial terms of the transaction were not disclosed.
“Axalta has built an industry-leading business based on listening to, and reacting to, the increasing requirements of our customer-base,” said Michael Cash, Axalta Senior Vice President and President, Industrial Coatings. “Axalta will continue to make these necessary investments to ensure we have the technologies our customers need to remain competitive and the manufacturing capability to get those products to them as quickly as possible.”
The 150,000 square foot facility has production capacity of more than 15 million gallons. Axalta will continue to produce products at the site for its Industrial Wood Coatings business and, over time, will expand production to include products for both its Industrial and Refinish coatings businesses.
“In the past three years, we have seen tremendous growth on the West Coast, at all levels of the collision repair customer base,” added Troy Weaver, Axalta Vice President of Refinish Americas. “This investment in capacity will enable our Refinish business to be closer to those customers and differentiate our service offering.”
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 more than 150 years of experience in the coatings industry, the 13,300+ 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 axalta.com and follow us @axalta on Twitter and on LinkedIn.