For the year, net sales were $4.35 billion, up 7.0 percent versus 2016, largely driven by acquisition contribution. Refinish up 4.7 percent in Q4 benefiting from currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the fourth quarter and full year ended December 31. Axalta reported net sales of $1,164.8 million for […]
Axalta and Nippon Paint End Acquisition Talks
Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]
Axalta Confirms Acquisition Discussions with Nippon Paint
Following closely on the announcement that it had ended talks with AkzoNobel on a possible merger, Axalta Coating Systems (NYSE:AXTA) confirmed Wednesday, November 22 it has entered into discussions with Nippon Paint over a possible sale to the Japan-based coatings manufacturer. In a statement released Wednesday Axalta confirmed the discussions saying “Axalta today confirmed that […]
AkzoNobel and Axalta End Merger Discussions Without Agreement
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 […]
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