20th March 2019

AXALTA BUYS ELLIS PAINT

Axalta Coating Systems has acquired Ellis Paint Co., which manufactures industrial and automotive refinish paint in North America. Financial terms of the transaction were not disclosed.

Founded in 1887 and based in Los Angeles, Ellis Paint Co. is a manufacturer and distributor of coating products suited for substrates including steel, concrete and wood, shipping vessels and construction equipment, as well as indoor and outdoor furnishings and fittings. Company products include the Hy-Lux line of multi-purpose coatings, the Shaft-Lac line of solventborne coatings, the Maximus line of low VOC industrial maintenance coatings, and the Engard line of heavy-duty industrial coatings. The automotive segment of Ellis, Pacific Coast Lacquer, developed Poly-Primer, a legacy product which was the original solution to high VOC lacquer primer in the evolution of low VOC coatings in the automotive industry.

“We are excited to have the extensive range of high quality Ellis Paint Company brands join Axalta’s portfolio of products,” said Michael Cash, Axalta senior vice-president and president, Industrial Coatings. “Ellis Paint’s commitment to providing innovative and sustainable coatings is renowned in the industry and will align well with our focus on technology and business strategy. We are committed to the continued support of Ellis Paint’s current customers and look forward to leveraging Axalta’s market strength to extend the reach of Ellis Paint’s fine brands to new customers.”

www.axalta.com/EllisPaint