Axalta Coating Systems Ltd. (NYSE:AXTA) last week announced a secondary offering of of 41,621,996 common shares by affiliates of The Carlyle Group . The offering was subsequently priced at $28.25 a share, providing Carlyle with $1.175 Billion. Axalta will not receive any of the proceeds from the offering of shares by Carlyle. According to a […]
Axalta Releases Second Quarter 2016 Results
Refinish sales up over 9 percent excluding the impact of currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) today announced its financial results for the second quarter ended June 30, 2016. Axalta reported net sales of $1.065 billion for the second quarter of 2016 due to both volume and pricing growth, but decreased 2.7 percent year-over-year […]
Axalta Launches Master Refinish Certification
Axalta Coating Systems (NYSE:AXTA) has launched a Master Refinish Certification program as part of its Learning and Development offering in North America. The Master Refinish Certification program provides a path for refinish customers to advance skills and abilities from industry standard to expert through four educational stages. Students can earn the Master Refinish Certification using […]
Axalta Commercial Transportation Business Council Symposium August 12-13 in Anaheim
Axalta Coating Systems will hold its second Business Council Symposium at the Anaheim Marriott in Anaheim, Calif. on August 12–13 for commercial collision repair shop owners. Axalta scheduled the meeting to allow attendees to also participate in commercial transportation-focused education seminars that will be held at the International Autobody Congress Exposition (NACE) on August 9-13 at […]
Axalta Acquires High Performance Coating in Southeast Asia
Axalta Coating Systems (NYSE:AXTA), announced it has completed its acquisition of High Performance Coating Sdn. Bhd., an automotive refinish coatings manufacturer in Southeast Asia. The acquisition will strengthen Axalta’s capability to serve refinish customers in the region with additional product offerings and an expanded sales and service network. “The acquisition of High Performance Coating expands […]
Axalta Expands European Technology Centre in Germany
Axalta Coating Systems (NYSE:AXTA) officially opened its newly expanded European Technology Centre (ETC) in Wuppertal, Germany today. The center will be home to the company’s liquid coating research facilities for the Europe, Middle East and Africa (EMEA) region. “Axalta is making this considerable investment in its EMEA research and development facilities to expand, to upgrade […]
Axalta Launches Nason Brand in Russia
Axalta Coating Systems (NYSE:AXTA) announced it is launching its Nason Finishes refinish brand in Russia. “By adding Nason Finishes to our stable of refinish brands in EMEA, we are able to meet our customers’ requirements, regardless of their size, or whether they require a premium brand, something more mainstream or an economy solution. But whatever […]
Awards Announced at Axalta Customer Business Council Meeting
Nearly 200 of Axalta Coating Systems (NYSE:AXTA) collision repair customers from across the U.S. gathered together to learn from subject matter experts on a variety of topics including hiring, technology and performance on May 19-21 in Chicago, Ill. Mike Anderson, owner of CollisionAdvice, led the combined Business Council symposium and presented on auditing with technology. […]
EstimateScrubber Adds Real-Time Sales Mix Reporting
VehicleOwnersGuide.com announced the inclusion of real-time sales mix analysis to its EstimateScrubber.com. The program was developed in conjunction with experts from Collision Advice and Axalta Coating Systems. The sales mix analysis continuously updates labor, refinish labor, replacement parts and refinish materials metrics. When scrubbing individual estimates, metrics are available to estimators, along with a new […]
Axalta Reports Sales Up on Constant Currency Basis
Axalta Coating Systems Ltd. announced its financial results for the first quarter ended March 31, 2016. The company reported net sales of $955.6 million for the first quarter of 2016 increased 3.0 percent year-over-year excluding unfavorable foreign currency translation. Sales decreased 3.4 percent as-reported. Net sales growth was driven by 5.1 percent higher average selling […]