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 […]
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 […]
Axalta Reports 7% Sales Increase in Third Quarter
Refinish sales down on distributor working capital adjustments and Venezuela deconsolidation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales of $1.091 billion for the third quarter of 2017 that ended September 30, an increase of 7.0 percent, including 1.9 percent in favorable foreign currency translation contribution. Constant currency net sales increased 5.1 percent in the […]
Joseph McDougall Appointed President Global Refinish at Axalta
Joseph F. McDougall has been named Senior Vice President and President, Global Refinish at Axalta Coating Systems (NYSE:AXTA). In this new role at the company, McDougall will be responsible for Axalta’s global refinish business which provides coatings, application technologies and service and support resources to customers in the collision repair and vehicle aftermarket sectors in […]
Axalta Announces Exclusive Partnership with National Transportation Center
Axalta Coating Systems (NYSE:AXTA) announced a partnership with the National Transportation Center (NTC). The NTC is a centralized training and employment center created to support the commercial transportation industry’s long-term training, workforce recruitment, and retention efforts. Axalta is happy to extend its training resources to NTC and positively impact the future of the transportation industry. […]
Axalta Conducts Certification Program for FAW Audi Refinish Technicians in China
Axalta Coating Systems (NYSE:AXTA) announced it recently conducted the FAW Audi Senior Paint Technician Certification program for 240 paint technicians. This is the largest group to date since Axalta and FAW Audi began collaboration to offer training and certification services in 2011. Technicians from Audi dealers in China attended the program at Axalta’s Refinish Training […]
Axalta Introduces Syrox Waterborne Refinish Brand in China
Axalta Coating Systems (NYSE:AXTA) announced it has officially launched its Syrox waterborne refinish coating brand in China. Syrox is an affordable, compact refinish system designed to deliver higher productivity and ease-of-application to body shops. Access to Axalta’s color database of more than 70,000 formulas ensures quick and precise color search and matching. Color Reader, a […]
Axalta Adds Live Virtual Training, Enhanced Master Certification in North America
Axalta Coating Systems (NYSE:AXTA) announced enhanced refinish learning and development offerings available to customers in the United States and Canada including live virtual training classes and an enhanced Master Certification. The new offerings further strengthen Axalta’s robust learning and development program that includes classroom, hands-on, and e-learning options. Axalta’s live virtual training, which covers the […]
Axalta Reports Sales Up 2.3 percent in Second Quarter
Refinish sales, however, were down on lower volume in South America and EMEA. Also pricing pressure from selling channel consolidation impacts refinish in North America. Axalta Coating Systems reported second quarter net sales of $1.1 billion, up 2.3 percent as-reported. On a constant currency basis, net sales increased 3.8 percent in the period, driven by […]
Axalta Opens New Training Center in Western Australia
Axalta Coating Systems (NYSE:AXTA) recently opened a new training facility in Bentley, Perth, Australia. The center will become the key training destination for refinishers from the Western Australian region, focusing on the use of Axalta’s refinish and industrial products to help maximize refinishers’ skill-sets and keep them up-to-date with latest technology and techniques. “Axalta’s new […]
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