Charlie Shaver resigns from board. Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that Charlie Shaver has resigned as Chairman of its Board of Directors, effective June 30, to focus on other professional commitments. The Board of Directors has appointed current Independent Presiding Director Mark Garrett as its new Chairman. Mr. Garrett also serves as […]
Axalta Announces Review Of Strategic Alternatives
Publicly-traded coatings manufacturer considers potential sale of company. Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value. The Board has formed a Strategic Review Committee, which will be chaired by the Independent Presiding Director of Axalta’s Board, Mark Garrett, […]
Axalta to Build New Refinish Facility in the Netherlands
Axalta (NYSE:AXTA) announced it has signed an agreement to develop a new, state-of-the-art facility in Tiel, Netherlands for its refinish business. Once construction is completed, Axalta’s global refinish brands – Cromax, Spies Hecker, Standox and Syrox – will relocate from their current location to the new facility on Business Park Medel, both in Tiel, in […]
Axalta Reports First Quarter Sales Down on Foreign Currency Impact
Refinish sales down 2.1 percent, but were up 3.5 percent on constant currency basis. Axalta Coating Systems Ltd. (NYSE: AXTA) announced that net sales for its first quarter ending March 31 of $1,119.3 million decreased 4.5 percent year-over-year including a 4.8 percent negative foreign currency impact. Constant currency net sales increased 0.3 percent in the […]
Axalta Opens its Largest Refinish Training Centre in India
Axalta (NYSE: AXTA) announced it opened of a new Refinish Training Center in Manesar, India. At 20,000 sq. ft., the new training facility was inaugurated by Sobers Sethi, President, Emerging Markets, Axalta. Manesar is an industrial town in Gurugram district of Haryana state in India and is a part of the National Capital Region (NCR) […]
Axalta Accredited by ASE
Axalta (NYSE:AXTA) has received accreditation from the National Institute for Automotive Service Excellence (ASE) for its Refinish Learning and Development programs in the United States. This accreditation validates that Axalta’s training programs are structured with clear and concise learning objectives and competencies, and they meet the level of excellence recognized by the ASE organization. “We […]
Axalta Opens New Warehouse, Service Center, and Customer Training Facility In Sydney, Australia
Axalta (NYSE:AXTA) officially opened its new Australia and New Zealand regional multi-functional facility. This new 5,300 square meter facility will enable higher quality and faster service for customers throughout the region, greater access to Axalta’s broad selection of advanced coating technologies and products, and more efficient supply chain solutions for customers. “This new facility is […]
Axalta Reports Refinish Sales Up 3.1 Percent in Fourth Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,158.1 million for the fourth quarter of 2018 ended December 31, 2018, a decrease of 0.6 percent, including 3.3 percent negative foreign currency translation impact. Constant currency net sales increased 2.7 percent in the period, driven by 4.4 percent higher average selling prices, offset partly by […]
Robert Bryant Named Chief Executive Officer of Axalta
Sean Lannon named Chief Financial Officer. Axalta Coating Systems Ltd. (NYSE:AXTA) announced that its Board of Directors has named Robert Bryant Chief Executive Officer on a permanent basis, effective immediately. He had been serving as interim CEO since October 2018. Bryant was also appointed to serve on Axalta’s Board of Directors. Charlie Shaver, Axalta’s Chairman […]
Axalta’s Cromax Brand Added to Porsche Approval List
Porsche AG has added Cromax to its list of approved refinish paint brands, making all three of Axalta’s premium global refinish brands, Cromax, Spies Hecker and Standox, authorized for use by Porsche AG dealerships and body shops worldwide. Axalta has held technical approval with Porsche AG for more than 20 years with Spies Hecker and […]