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 […]
ABRA Acquires Collision Repair Center in New Jersey
ABRA Auto Body & Glass announced the September 29 acquisition of a collision repair facility in Pennington, N.J. The new ABRA Pennington features 11,000 sq. ft. of production space and a 2,000 sq. ft. front office. The I-CAR Gold Class facility, located at 65 Route 31 North in Pennington, previously operated as CARSTAR of Pennington. […]
Repairify Acquires Mobile Diagnostic Service in Arizona
Acquires Professional Automotive Diagnostics in Phoenix. Announces plans to enter Southern California. Repairify, Inc. completed its acquisition of Professional Automotive Diagnostics. Professional Automotive Diagnostics provides mobile electrical automotive diagnostic services and programing in the Phoenix area, and will operate under the asTech brand. The addition of Professional Automotive Diagnostics will complement the company’s current staff […]
Craftsman Acquires Two Collision Repair Centers in British Columbia
Craftsman Collision announced it expanded to Prince George, British Columbia (BC) with the acquisition of Jack Schultz Autobody and Queensway Autobody. The expansion brings Craftsman’s new total to 42 shops under four names in BC, Alberta and California, including 35 in BC alone. The BC communities of Kamloops, Duncan, Vernon and Rutland are other recent […]
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