Axalta coating systems announced on May 22 that it had agreed to acquire Spencer coating group, the largest independent industrial coating manufacturer in the UK. Axalta coating systems, a heavy equipment, general industry Oil, natural gas, glass and other industries provide high-performance industrial coatings. The financial terms of the transaction were not disclosedFounded in 1909, Spencer Coatings Group is the largest independent industrial coating manufacturer in Britain. Spencer owes decades of success to its high-quality, durable products and unparalleled reputation for customer service. The products include acothane polyurethane for internal and external pipe coating, coroless coating, which provides a series of efficient corrosion control solutions for various steel structures, and high-performance water-based coatings for glass and general industrial industries
"we are very honored to welcome Spencer paint group to join the Ashtar family." Michael cash, senior vice president and President of industrial coatings, said: "Spencer's industry-leading product technology is very suitable for Ashtar's current industrial product portfolio. Through the acquisition of Spencer, we will have the opportunity to obtain some incredible innovative products, expand to new geographical locations, and provide additional product technology for our comprehensive industrial customers. We all have great commitments to our customers and the industrial coating market we participate in."
"in the past 20 years, we have been committed to establishing a specialized industrial coating business, and its innovative coating systems have been provided to customers in the UK and overseas." Phil buck, managing director of Spencer coatings group, said: "In order to continue to develop and provide confidence for our customers and employees, such as increasing injection temperature and mold temperature, and decreasing firing rate, we believe that Spencer Coatings Group will benefit from becoming part of a large coating company, which will accelerate our growth plan. With its global business and commitment to innovation, aiside will provide our company with the best residence, and we are very excited about the prospects of the two companies.
Spencer coating company is the largest independent industrial coating manufacturer in the UK. It is the leader in drum coating and tower coating in the UK. It is also a leading coating supplier in the market of AC Ⅳ sample for determining Poisson's ratio e, OEM, pipeline, protective coating/heavy duty, floor and building coating of the above two FRP. Spencer's three manufacturing plants in the UK provide industrial products for the UK and international markets. In addition, it has manufacturing plants or sales offices in China, Turkey, Singapore and Nigeria. Its brands include Spencer, acothane, coroless, farmline, performance paints, prospeed, rylard, Stokes paints and tran. In 2013, it launched "social coatings"