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Axalta to acquire wire-enamels manufacturer in China By Mary Page Bailey | March 16, 2021 Axalta Coating Systems (Philadelphia, Pa.) has entered into a definitive agreement to acquire Anhui Shengran Insulating Materials Co., Ltd., a leading Chinese producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Financial terms have not been disclosed. The addition of Anhui Shengran will be highly complementary to Axalta’s existing Energy Solutions portfolio. The acquisition will add new wire enamel products and capabilities to enhance our offerings to customers across several end markets, including automotive, renewable energy, and consumer electronics. The additional production capacity will further support Axalta’s expansion in rapidly growing Asian markets.

Shelley bauschAnhui shengranZhangying tuEnergy solutionsAnhui shengran insulating materials co ltdAxalta coating systemsSenior vice presidentGlobal industrial coatingsExecutive directorஷெல்லி பாஷ்ஆற்றல் தீர்வுகள்அச்சு பூச்சு அமைப்புகள்மூத்தவர் துணை ப்ரெஸிடெஂட்உலகளாவிய தொழில்துறை பூச்சுகள்நிர்வாகி இயக்குனர்