Dura Coat Sells Majority Stake to Axalta

Dealmakers
– Daily Journal

The Daily Journal covered Manatt’s representation of coil and spray coating coatings manufacturer Dura Coat Products Inc., in its sale of a majority stake to Axalta Coating Systems LLC, announced on August 1, 2016.

Axalta, a global supplier of liquid and powder coatings, is expected to purchase the remaining outstanding shares of Dura Coast by January 2019, subject to regulatory approvals and closing conditions, to complete the acquisition.

The Manatt team was led by corporate and finance partner Tom Leary and associate Jessica Iwasaki and included partners Peter Duchesneau, Lisl Dunlop, Steve Edwards, David Herbst, Jeff Mannisto; associates Payvand Abghari and Grace Winters and staff attorney Anu Sud Baron.

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