AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) on June 9 launched a €750 million ($868 million) bond with a three-year maturity and a coupon of 3.625%, with proceeds supporting financing initiatives related to the company’s proposed merger with Axalta Coating Systems Ltd. The bond issue is the latest step toward completing the $25 billion all-stock merger […]
Nippon Paint and Sherwin-Williams End Pursuit of AkzoNobel
End of bid clears path for continuation of AkzoNobel and Axalta merger of equals. Nippon Paint Holdings Co. and The Sherwin-Williams Company said June 3 they have ended their joint effort to acquire Akzo Nobel N.V., removing the chief obstacle to AkzoNobel’s proposed $25 billion all-stock merger of equals with Axalta Coating Systems Ltd. The […]
BASF Coatings Names Steve Arndt to Lead Global Refinish Business
BASF Coatings has appointed Steve Arndt senior vice president of its global automotive refinish coatings business, effective July 1, 2026. He succeeds Chris Titmarsh, who is stepping down after a 20-year career with the company. Arndt brings more than 30 years in the automotive refinish industry spanning manufacturing and distribution across North America and Europe. […]
AkzoNobel Rejects Joint Cash Bid From Nippon Paint, Sherwin-Williams
Disclosure of offer comes in advance of the public U.S. SEC filing detailing proposed AkzoNobel-Axalta merger. Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) rejected a conditional, non-binding joint cash bid from Nippon Paint Holdings Co. and The Sherwin-Williams Company that would have broken up the Dutch coatings maker, opting to proceed with its $25 billion […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
UK Competition and Markets Authority Opens Comment Period on AkzoNobel-Axalta Merger
The U.K.’s Competition and Markets Authority (CMA) opened a 15-day invitation to comment on April 16 on the proposed $25 billion merger of Akzo Nobel N.V. and Axalta Coating Systems Ltd., the first formal step in the British regulator’s review of a combination that would create the world’s No. 2 coatings company. The CMA is […]
Axalta Wins Three 2026 Edison Awards for Color, AI, and EV Battery Innovations
Axalta Coating Systems (NYSE: AXTA) has won three 2026 Edison Awards, including two Gold honors for the EcoNextJet on-demand vehicle color customization system and the Alesta e-PRO FG Black fire-resistant coating for electric vehicle battery safety, plus a Bronze for the TintMaster AI paint manufacturing platform. The recognitions span three distinct Axalta technologies aimed at […]
Axalta Wins Six Innovation Awards, Including Refinish Waterborne Clearcoat
Axalta Coating Systems (NYSE: AXTA) has received six Business Intelligence Group (BIG) Innovation Awards for products spanning its Refinish, Mobility Coatings, and Industrial Coatings business units. The refinish product recognized was Spies Hecker Permahyd Hi-TEC 8260 Premium Waterborne Clearcoat, which the company said reduces solvent emissions by more than 65 percent compared to conventional clearcoats. […]
Axalta Wins R&D 100 Award for Fast Cure, Low Energy Collision Repair Paint System
Axalta (NYSE: AXTA) has won a 2025 R&D 100 Award for its Spies Hecker Permasolid Speed-TEC Fast Cure Low Energy collision repair paint system, the coatings manufacturer announced today. The system won in the Mechanical/Materials category. Axalta’s Total Cabinet Coating Solution was also recognized as a finalist in the same category. The award-winning system consists […]
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