MoFo News Item

MoFo Represents Axalta in £428M Acquisition of U-POL

07 Jul 2021

Morrison & Foerster is representing Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”) in its acquisition of 100 percent of the share capital of U-POL Holdings Limited for £428 million in cash (approximately US$590 million). 

Axalta is a global leader in the paints and coatings industry, providing customers with paints and coatings for a broad range of applications including light vehicles, commercial vehicles, vehicle refinish, building facades, and other industrial applications.

U-POL, based in the United Kingdom, is a leading manufacturer of repair and refinish products primarily for automotive refinish and aftermarket protective applications.

The MoFo team was led by Corporate/M&A partners Stuart Alford (London) and Spencer Klein (NY), associates Nishita Vasan (London) and Omid Kheradmand (London), and trainee solicitor Harry Anderson (London).

Read more about the transaction in Axalta’s press release.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.