Axalta to acquire U-POL from Graphite Capital for £428m.

Axalta Coating Systems, a global supplier of liquid and powder coatings, agreed to acquire U-POL, a manufacturer of repair and refinish products used primarily for automotive refinish and aftermarket protective applications, from Graphite Capital, a private equity firm, for £428m ($590m). "The two companies' cultures of innovation, quality, and strong operating principles are exceptionally aligned. We look forward to serving customers with these additional capabilities and to welcoming U-POL's dedicated team members to the Axalta family," Troy Weaver, Axalta Senior Vice President.