An increasing number of car crashes in Brazil has become a boon for Carlyle Group LP's Axalta Coating Systems. The paint demand for repairs is increasing as more and more cars are introduced into Brazilian roads and as a result more collisions occur. 

According to Axalta CEO Charlie Shaver, the paint and coatings manufacturer is reviewing two options as part of its planned 100% increase in revenues for the region by 2018 or a total of USD1.5 billion. 

In an interview last September 6 at Sao Paolo, Shaver said, "If you look at doubling your sales in Latin America in the next five years, we can't do all of that organically. We in the next year will possibly do -- again, at the right price -- one or two acquisitions in Latin America."

The Latin American target makes the region a pivotal part of Shaver's overall plan to increase global revenues for the mother company based out of Wilmington, DE. The company was sold to Carlyle last February by its previous owner, DuPont Co and was renamed Axalta. The company would benefit from repairs and other business as the Brazilian and Mexican car markets expand.