Press Release: Dura Coat : Axalta Coating Systems Completes Acquisition of Coil and Spray Coatings Manufacturer Dura Coat Products

PHILADELPHIA--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has completed its acquisition of a majority stake in Dura Coat Products, a leading manufacturer of coatings for metal coil and aluminum extrusion markets in North America. Financial terms of the transaction were not disclosed. Dr. Myung Ki Hong will remain Chairman and Chief Executive Officer of Dura Coat to ensure a smooth transition of the business. Founded in 1986, Dur