The U.K. Competition and Markets Authority (CMA) has formally launched its phase 1 merger inquiry into the proposed combination of Akzo Nobel N.V. and Axalta Coating Systems Ltd., setting a Nov. 11 deadline to decide whether to refer the roughly $25 billion all-stock deal for an in-depth phase 2 investigation. The CMA launched the inquiry […]
Axalta CTO Robert Roop Receives 2026 PCI Lifetime Achievement Award
Robert K. Roop, senior vice president and chief technology officer at Axalta Coating Systems, has received the 2026 Paint & Coatings Industry Lifetime Achievement Award, presented Sept. 16 at the Coatings Trends & Technologies Summit in Lombard, Ill. Roop leads a global organization of about 1,300 scientists, engineers and technical professionals across 21 product development […]
Axalta Names Deep Ruby Red ‘Redefined’ as its Global Automotive Color of the Year
Axalta Coating Systems (NYSE: AXTA) unveiled Redefined, a saturated ruby red, as its 2027 Global Automotive Color of the Year, introducing the finish Sept. 8 at Automechanika Frankfurt. Axalta said the finish catches and reflects light with a subtle sparkle, producing depth and dimension the company characterizes as jewel-like. It described the color as a […]
AkzoNobel and Axalta Name Final Three Directors to Combined Company Board
AkzoNobel and Axalta Coating Systems have named the last three directors of the board that will govern the company the two are merging to create, completing an 11-member slate more than three months before the transaction is expected to close. Stephan B. Tanda, Denise C. Johnson and Robert Schuchna have agreed to serve as non-executive […]
AkzoNobel and Axalta Shareholders Approve $25 Billion Merger of Equals
Shareholders of Akzo Nobel N.V. and Axalta Coating Systems Ltd. voted today to approve the companies’ roughly $25 billion all-stock merger of equals, clearing the last shareholder condition on a transaction that would create the world’s No. 2 coatings company. The combination would unite two of the largest suppliers of automotive refinish coatings to the […]
Axalta Reports Second Quarter Sales of $1.35 Billion as Refinish Grows 6%
Axalta Coating Systems Ltd. (NYSE: AXTA) reported second quarter net sales of $1.35 billion, up 3% year over year, and record adjusted earnings, as refinish net sales rose 6% and the coatings supplier secured more than 1,900 net new collision repair facilities in the first half of 2026. Adjusted earnings before interest, taxes, depreciation and […]
AkzoNobel Reports Refinish Return to Growth in Second Quarter as Axalta Merger Vote Nears
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported second-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €398 million ($453.7 million) on July 22, up 1% as reported and 5% at comparable scope and constant currencies, as the coatings supplier delivered its fifth consecutive quarter of year-over-year margin expansion. Adjusted EBITDA margin rose […]
AkzoNobel Rebuffs Nippon Paint Offers for Decorative Paints Business Ahead of Axalta Merger Votes
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
Axalta Sets Aug. 5 Stockholder Vote on AkzoNobel Merger
Axalta Coating Systems Ltd. (NYSE: AXTA) will hold a special meeting of stockholders Aug. 5 to vote on its proposed all-stock merger of equals with AkzoNobel N.V., after the U.S. Securities and Exchange Commission declared effective the registration statement underlying the deal and Axalta filed its definitive proxy statement. Axalta’s special meeting is set for […]
AkzoNobel Sets Aug. 5 Shareholder Meeting on Axalta Merger as SEC Clears Registration Statement
AkzoNobel N.V. will convene an extraordinary general meeting of shareholders Aug. 5 in Amsterdam to vote on its proposed all-stock merger of equals with Axalta Coating Systems Ltd., advancing a roughly $25 billion combination that would create the world’s No. 2 coatings company and one of the largest suppliers to the collision repair industry. The […]
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