Axalta Coating Systems Ltd. (NYSE: AXTA) has purchased Geeraets Autolak. The target is a distributor of Axalta’s Cromax brand in the Netherlands. Financial terms were not disclosed.
Cromax makes basecoat color coatings and sealants that are mostly used in automotive and industrial manufacturing. Philadelphia-based Axalta says the purchase will help improve the company’s overall sales and distribution operations. Geeraets is also known for producing coatings, sealants and sprays.