United Paint And Chemical Corporation's Automotive Thermoplastics Coatings Business

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United Paint And Chemical Corporation's Automotive Thermoplastics Coatings Business - overview

Location

Southfield, MI, US

Primary Industry

Chemicals

About

United Paint develops and manufactures advanced coating systems for thermoplastic substrates, focusing on solutions that enhance performance and aesthetics in various industries, including automotive and marine sectors. United Paint And Chemical Corporation specializes in automotive thermoplastic coatings, providing tailored solutions for major industries. The company, headquartered in Southfield, US, has engaged in a deal where Axalta Coating Systems acquired its Automotive Thermoplastics Coatings Business on July 20, 2016. United Paint specializes in the development and manufacturing of advanced coating systems tailored for both rigid and flexible thermoplastic substrates.


Their core product offerings include custom-crafted coatings designed to enhance the performance and aesthetic of materials used in various industries such as automotive, hospitality, marine, and consumer goods. The company’s coatings are engineered to conform to current environmental legislation while addressing specific challenges faced by its clients, which include leading global automakers and businesses within hospitality and marine sectors. Key products, such as AWB, AWT, and AWU for flexible substrates, as well as AEMX and AWHP for rigid substrates, are utilized to improve touch quality, visual appeal, and structural integrity. United Paint’s solutions are mainly distributed across North America, Europe, and Asia, focusing on markets that demand high-performance coatings.


The revenue generation model for United Paint is primarily structured around B2B transactions, where the company partners with manufacturers and wholesalers in the automotive, hospitality, marine, and consumer goods sectors to supply their specialized coating systems. These transactions typically involve direct sales agreements, allowing clients to procure tailored solutions that match their specific needs. United Paint's pricing strategy reflects the complexity and customization of their products, with flagship offerings commanding premium pricing due to their unique formulations and performance attributes. The firm maintains long-term relationships with its client base, facilitating ongoing contracts for supply and development that ensure consistent revenue flows while addressing the evolving demands of the markets it serves.


United Paint plans to leverage the expertise gained from its acquisition to design and launch new products targeted at enhancing waterproofing and durability features in automotive coatings by 2024. The company is also aiming to expand its market presence in Asia and Europe, with specific focus on emerging markets by the end of 2025. In support of these initiatives, the resources gained from the acquisition will be strategically applied to bolster R&D efforts and facilitate market entry.


Current Investors

Axalta Coating Systems Ltd.

Primary Industry

Chemicals

Sub Industries

Paints & Coatings

Website

www.unitedpaint.com

Verticals

Manufacturing

Company Stage

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Total Amount Raised

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United Paint And Chemical Corporation's Automotive Thermoplastics Coatings Business - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedUnited Paint And Chemical Corporation's Automotive Thermoplastics Coatings Business-

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