Agency alleges that combining Tronox Limited and Cristal would reduce competition for white pigment used in paint and other products. The Federal Trade Commission issued an administrative complaint challenging the merger of two top suppliers of chloride process titanium dioxide (TiO2), a white pigment used in a wide variety of products including paint, industrial coatings, […]
Service King Acquires Collision Repair Center in Colorado
Expands Colorado Springs footprint Service King Collision Repair Centers today announced the acquisition of Perkins Paint and Collision – a division of Perkins Motors, in Colorado Springs. The deal officially closed Friday, Dec. 1, and Perkins Paint and Collision, located at 2025 Sheldon Ave. in Colorado Springs, is transitioning to Service King effective immediately. The […]
Octo Telematics Completes Acquisition of Willis Towers Watson Usage Based Insurance Assets
Octo Telematics (Octo), the UK-based global provider of telematics for the auto insurance industry, announced that it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson that was announced in October. This acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Additionally, Geoff Werner, Global Telematics Leader, will […]
Axalta and Nippon Paint End Acquisition Talks
Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]
Axalta Confirms Acquisition Discussions with Nippon Paint
Following closely on the announcement that it had ended talks with AkzoNobel on a possible merger, Axalta Coating Systems (NYSE:AXTA) confirmed Wednesday, November 22 it has entered into discussions with Nippon Paint over a possible sale to the Japan-based coatings manufacturer. In a statement released Wednesday Axalta confirmed the discussions saying “Axalta today confirmed that […]
AkzoNobel and Axalta End Merger Discussions Without Agreement
AkzoNobel N.V. (OTCMKTS:AKZOY) and Axalta Coating Systems (NYSE:AXTA) announced this afternoon that they have ended their discussion into a possible merger without an agreement to combine the companies. On October 30, both AkzoNobel and Axalta confirmed they were engaged in discussions into a possible “merger of equals” of the two global coatings companies. According to […]
Clayton, Dubilier & Rice Acquire 40% Stake in Belron
D’Ieteren, the automotive company and parent of Belron, and Clayton, Dubilier & Rice (CD&R), the global private investment firm, announced Sunday that they have entered into exclusive discussions under which CD&R-managed funds would acquire a 40 percent ownership interest in the Belron group, the global vehicle glass repair and replacement company and parent of Safelite […]
Messe Frankfurt Acquires Interest in Automotive Trade Show Organizer in China
Automechanika organizer announces acquisition of Beijing Traders-Link Plus International Exhibition Co Ltd. Messe Frankfurt (HK) Ltd, Greater China’s headquarters of the leading trade fair organizer Messe Frankfurt GmbH has acquired a major proportion of Beijing Traders-Link Plus International Exhibition Co Ltd, organizer of the Automotive Maintenance & Repair Expo (AMR) in Beijing, China. The agreement […]
Boyd Group Acquires Collision Repair Centers in Tennessee and Ontario
Boyd enters Tennessee market with purchase of nine location MSO. The Boyd Group Inc. announced acquisitions of collision repair centers in Tennessee and Toronto, Ontario. On October 27 Boyd acquired a multi-store operation (MSO) in Tennessee, consisting of nine collision repair centers located in the Nashville region. The MSO was founded in 1970 and previously […]
AkzoNobel and Axalta Confirm Merger Discussions
Following press reports on Friday and over the weekend, the coatings manufacturers confirmed they have had discussions on a potential merger of equals AkzoNobel and Axalta Coating Systems confirmed today that they have engaged in discussions about a possible merger of the two global coatings companies. On Friday afternoon, Reuters reported that unnamed sources indicated […]
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