Axalta Coating Systems (NYSE:AXTA), received a supplier award for innovation for its new refinish fast-cure clearcoat technology by French car maker Renault, at a ceremony in Paris, France on June 20. Axalta is the only company this year to receive an award from Renault in the innovation category. Adrien Schrobiltgen, Axalta’s Vice President of Refinish […]
Axalta Acquires Netherlands Distributor Geeraets Autolak
Axalta Coating Systems (NYSE:AXTA) announced it has acquired the business of Geeraets Autolak, a distributor of Axalta’s Cromax refinish coating products in the Netherlands for nearly 40 years. The operations of Geeraets Autolak will be integrated into the Axalta organization, operating under the Cromax name. The acquisition takes effect immediately. Financial terms of the agreement […]
Carlyle Group to Sell Remaining Stake in Axalta
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. […]