Benzinga | Jul 7, 2021 08:04AM EDT

Axalta To Acquire U-POL Holdings Limited For $590M

Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, today announced that it has entered into definitive agreements to acquire U-POL Holdings Limited ("U-POL") from Graphite Capital Management LLP and other holders for ?428 million (approximately $590 million) subject to certain adjustments set forth in the Sale and Purchase Agreements for the transaction.