Aiside acquires SP, the largest independent indust

2022-05-23
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Axalta coating systems announced on May 22 that axalta coating systems had agreed to acquire Spencer coating group, the largest independent industrial coating manufacturer in the UK. The company is a heavy equipment, general industry Oil and gas, glass and other industries provide high-performance industrial coatings. The financial terms of the transaction were not disclosed

Spencer coatings group, founded in 1909, is the largest independent industrial coating manufacturer in Britain. Spencer's decades of success is due to its high-quality, durable products and unparalleled reputation for customer service. Products include acothane polyurethane for internal and external pipe coatings, coroless coatings, a series of efficient corrosion control solutions for various steel structures, and high-performance waterborne 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 to our comprehensive industrial customers. We all have great commitment to our customers and the industrial coating market we participate in."

"over 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 grow and provide confidence for our customers and employees, such as raising injection temperature and mold temperature and reducing firing speed, we believe Spencer Coatings Group will benefit from being part of a large coating company, which will accelerate our growth plan. With its global business and commitment to innovation, aiside will provide the best residence for our company, and we are very excited about the prospects of the two companies.

Spencer coatings is the largest independent manufacturer of industrial coatings in the UK. It is the leader in drum coatings and tower coatings in the UK. It is also a leading coating supplier in the market of AC Ⅳ samples used to determine the Poisson's ratio e, OEM, pipeline, protective coatings/heavy duty, floor and building coating coatings. 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, speed, rylard, Stokes paints and Transocean coatings

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