Axalta Coating Systems Ltd
Axalta Coating Systems Ltd., a Bermuda exempted company formed at the direction
of an affiliate of The Carlyle Group L.P. ("Carlyle"), was incorporated
on August 24, 2012 for the purpose of consummating the acquisition of DuPont
Performance Coatings ("DPC"), a business formerly owned by E. I. du
Pont de Nemours and Company ("DuPont"), including certain assets of
DPC and all of the capital stock and other equity interests of certain entities
engaged in the DPC business (the "Acquisition"). Axalta, through its
wholly-owned indirect subsidiaries, acquired DPC on February 1, 2013.
We are a leading global manufacturer, marketer and distributor of high performance
coatings systems. Based on recent market information, we generate approximately
90% of our revenue in markets where we hold the #1 or #2 global market position,
including the #1 position in our core automotive refinish end-market with approximately
a 25% global market share. We have over a 150-year heritage in the coatings
industry and are known for manufacturing high-quality products with well-recognized
brands supported by market-leading technology and customer service. Over the
course of our history we have remained at the forefront of our industry by continually
developing innovative coatings technologies designed to enhance the performance
and appearance of our customers products, while improving their productivity
and profitability.
Our diverse global footprint of 46 manufacturing facilities, four technology
centers, 47 customer training centers and more than 13,000 employees allows
us to meet the needs of customers in over 130 countries. We serve our customer
base through an extensive sales force and technical support organization, as
well as through approximately 4,000 independent, locally-based distributors.
Our scale and strong local presence are critical to our success, allowing us
to leverage our technology portfolio and customer relationships globally while
meeting customer demands locally.
hrough our Performance Coatings segment we provide high-quality liquid and
powder coatings solutions to a fragmented and local customer base. We are one
of only a few suppliers with the technology to provide precise color matching
and highly durable coatings systems. The end-markets within this segment are
refinish and industrial.
We develop, market and supply a complete portfolio of innovative coatings systems
and color matching technologies to facilitate faster automotive collision repairs
relative to competing technologies. Our color matching technology provides Axalta-specific
formulations that enable body shops to accurately match thousands of vehicle
colors, regardless of vehicle brand, color, age or supplier of the original
paint during production. It would be time consuming and costly for a new entrant
to create such an extensive color inventory.
Through our Transportation Coatings segment, we provide advanced coating technologies
to OEMs of light and commercial vehicles. These increasingly global customers
require a high level of technical support coupled with cost-effective, environmentally
responsible coatings systems that can be applied with a high degree of precision,
consistency and speed.