Axalta Coating Systems Ltd. (NYSE:AXTA) today announced that its Board of Directors has concluded its review of strategic alternatives that was announced last June. Over the course of the nine-month review, Axalta’s Board, led by its Strategic Review Committee, explored multiple alternatives to maximize shareholder value, including a comprehensive sale process for the company, as […]
Axalta North America Refinish Students Can Receive Free I-CAR Credit through Sustaining Partner Program
Axalta Coating Systems (NYSE:AXTA) today announced that they joined I-CAR’s Sustaining Partner Program in North America, effective January 1, 2020. Axalta’s participation in the program offers its Refinish students more accessible and affordable training, either virtually or in-person, at any of Axalta’s Learning and Development Centers, while earning platinum I-CAR credit at no charge from […]
Axalta Reports Fourth Quarter Refinish Sales Up 2.3%, Overall Sales Declined
Axalta Coating Systems Ltd. (NYSE:AXTA) reported fourth quarter net sales of $1,098.4 million for the fourth quarter, down 5.8%, including 1.3% negative foreign currency translation impact and a 2.0% impact from the sale of a consolidated Joint Venture (JV) interest in the second quarter. Constant currency organic net sales decreased 2.5% in the period, with […]
Axalta Reports Third Quarter Sales Down Due to Impact of Currency Conversion and Sale of China Joint Venture
Organic refinish sales up on constant currency basis. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of its interest in a China powder joint venture. Constant currency […]
Axalta Mobile Training Reaches Milestone 20,000 Refinishers in Latin America
Axalta (NYSE:AXTA) celebrated reaching a milestone of 20,000 automotive refinish workers at more than 950 body shops trained through the ‘Axalta on Tour’ program today, which brings free specialized training to body shops in Mexico and Latin America. Since 2016, Axalta’s experts have traveled through every corner of Mexico, Colombia and Argentina to train refinishers […]
Jim Muse Appointed VP of Refinish for Europe, Middle East and Africa at Axalta
Axalta (NYSE:AXTA) today announced the appointment of Jim Muse as Vice President of Refinish Europe, Middle East and Africa (EMEA) effective immediately. He succeeds Adrien Schrobiltgen in this role. Muse first joined Axalta in 2013 as part of the North American refinish leadership team and was awarded the Axalta Senior Leadership Award in 2015 for […]
Axalta Hosts Refinish Training in Argentina
Axalta Coating Systems (NYSE:AXTA) continues to strengthen its commitment to customers in Argentina by offering specialized training developed to help them to improve the performance and increase productivity of their body shops. The training was focused on the use of Standox, one of the global refinish coating brands from Axalta for collision repair and the […]
Private Equity Firm Reported Partnering with PPG in Bid to Acquire Axalta
According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA). Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc. According to Reuters, the […]
Axalta Sells Its 60,000th Spectrophotometer
Axalta Coating Systems (NYSE:AXTA) today announced that it has sold its 60,000th spectrophotometer, with 10,000 sold in the past 15 months. The company attributes the rapid increase in recent sales mainly to a strong global digitization trend. These increasingly popular handheld digital tools are an accurate and fast way of color matching that boost the […]
Troy Weaver Promoted to Vice President, Global Refinish at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Troy Weaver has been promoted to Vice President, Global Refinish, effective immediately. Weaver will report directly to Axalta’s CEO, Robert Bryant. “We are thrilled to promote Troy to head up our Global Refinish business and add him to Axalta’s Leadership Team,” said Bryant. “Troy’s experience, in virtually […]