High Performance Coating Sdn. Bhd.
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High Performance Coating Sdn. Bhd. - overview
Established
1996
Location
Shah Alam, Selangor, Malaysia
Primary Industry
Chemicals
About
High Performance Coating Sdn. Bhd. specializes in providing advanced coating solutions engineered to meet various industrial needs. The company focuses on enhancing performance and durability across diverse applications.
Founded in 1996, High Performance Coating Sdn. Bhd. operates in Shah Alam, Malaysia, offering specialized coating services. In June 2016, the company was acquired by Axalta Coating Systems, a portfolio company of Carlyle Group, highlighting a strategic pivot towards broader market integration.
High Performance Coating Sdn. Bhd. offers a variety of innovative coating products designed to tackle specific challenges within the industrial sector. Their core offerings include industrial coatings that enhance efficiency and performance for manufacturers.
The solutions are particularly beneficial for clients in automotive, aerospace, and construction industries, facilitating streamlined operations and improved outcomes. The company ensures its products are accessible in various geographical markets across Southeast Asia, catering to a diverse clientele with high-quality solutions. For the fiscal year 2023, High Performance Coating Sdn. Bhd.
reported a revenue of USD 8. 59 mn and an EBITDA of USD 1. 02 mn, showcasing a structured approach to revenue generation through direct sales and partnerships designed to foster long-term client relationships. High Performance Coating Sdn.
Bhd. is poised for growth with the development of new coatings targeting the automotive sector, set for launch in late 2024. The company plans to expand its market presence into Vietnam and Thailand by 2025, leveraging recent funding to enhance product development and marketing efforts. The acquisition by Axalta Coating Systems will provide necessary resources and expertise to support these initiatives.
Current Investors
Axalta Coating Systems Ltd.
Primary Industry
Chemicals
Sub Industries
Paints & Coatings
Website
www.hipic.com.my
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
High Performance Coating Sdn. Bhd. - timeline of key events
High Performance Coating Sdn. Bhd. - financials
| Fiscal Year Ended | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,493,420 | 2,760,167 | - | - | - | - | - | - | - | - | - | - | - | 46,014,461 | 34,422,156 | 24,658,512 | 27,406,067 | 21,664,604 | - | - | - |
| % Revenue Growth (YoY) | - | 10.7% | - | - | - | - | - | - | - | - | - | - | - | - | (25.2%) | (28.4%) | 11.1% | (20.9%) | - | - | - |
| EBITDA (USD) | 136,041 | 154,517 | - | - | - | - | - | - | - | - | - | - | - | 4,023,161 | 8,988,172 | (4,264,729) | 4,022,828 | 1,083,486 | - | - | - |
| Operating Income (USD) | 107,668 | 133,171 | - | - | - | - | - | - | - | - | - | - | - | 3,341,496 | 8,495,527 | (4,915,034) | 3,308,711 | 240,966 | - | - | - |
| Operating Margin | 4.3% | 4.8% | - | - | - | - | - | - | - | - | - | - | - | 7.3% | 24.7% | (19.9%) | 12.1% | 1.1% | - | - | - |
| % EBITDA Margin | 5.5% | 5.6% | - | - | - | - | - | - | - | - | - | - | - | 8.7% | 26.1% | (17.3%) | 14.7% | 5.0% | - | - | - |
| NET Income (USD) | 87,380 | 109,141 | - | - | - | - | - | - | - | - | - | - | - | 1,379,009 | 7,798,941 | (4,712,668) | 3,107,000 | (105,673) | - | - | - |
| % Net Margin | 3.5% | 4.0% | - | - | - | - | - | - | - | - | - | - | - | 3.0% | 22.7% | (19.1%) | 11.3% | (0.5%) | - | - | - |
High Performance Coating Sdn. Bhd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | High Performance Coating Sdn. Bhd. | - |
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High Performance Coating Sdn. Bhd. - employee data
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