Axalta’s conventional and Fast Cure Low Energy (FCLE) refinish paint systems to be integrated with Solera’s Sustainable Estimatics platform. Axalta (NYSE: AXTA) today announced a partnership with Solera that will help collision repair and refinish customers estimate their CO2 emissions. Through this partnership, Axalta’s conventional and Fast Cure Low Energy (FCLE) refinish paint systems will […]
Axalta Acquires CoverFlexx Group from Transtar Holding Company
Acquisition includes Transtar Autobody Technologies, Pro Form and Aftermkt Armor brands. Axalta Coating Systems (NYSE: AXTA) today announced an agreement to acquire The CoverFlexx Group from Transtar Holding Company for an initial cash consideration of $285 million, plus an additional $10 million earnout based on the business’s 2024 performance. The closing of the transaction is […]
Axalta Reports Sales of $1.3 Billion in First Quarter
Refinish sales up 4%. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales increased 0.8% year-over-year to $1.3 billion for the first quarter ended March 31. Performance Coatings first quarter 2024 net sales were $848 million, flat relative to the prior year period. Refinish net sales were $519 million, up 4% year-over-year driven by positive price-mix […]
Axalta Irus Mix Wins Silver 2024 Edison Award
Axalta Coating Systems (NYSE: AXTA) announced that it has won three 2024 Edison Awards. Axalta Irus Mix won silver in the Environmental and Industrial Solutions category. Axalta Irus Mix, launched last year in Europe, is an automated, hands-free paint mixing machine that delivers highly accurate color, maximizing efficiency in a body shop. Axalta Irus Mix […]
Axalta Refinish Appointed Preferred Supplier by UK Insurers LV= and Allianz
Axalta Refinish have signed a five-year agreement with leading insurers, LV= General Insurance (LV= GI) and Allianz in the United Kingdom. Under the terms of the agreement, Axalta Refinish will become a preferred supplier to LV= and Allianz’s UK network of refinish technology through its premium refinish brands Cromax, Spies Hecker, Standox as well as […]
Axalta Reports Net Sales Up 6.1% in 2023
Fourth quarter net sales up 4.9%. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its fourth quarter net sales increased 4.9% year-over-year to $1.3 billion. The increase in net sales was driven by a 2.3% foreign exchange benefit, 1.7% improvement in volumes, and 0.9% price-mix growth. Net income increased 68% year-over-year to $74 million versus $44 million […]
Axalta Reports Net Sales Up 5.7% in Third Quarter Compared to Last Year
Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 5.7% year-over-year in the third quarter ended September 30, and 3.5% excluding foreign currency translation, to $1.3 billion. The increase in net sales was driven primarily by 6.3% higher average price-mix and a modest foreign currency translation benefit of 2.2%. Volumes declined by 2.8% as strong […]
BMW Group Names Axalta Exclusive Supplier of Private Paint Label ColorSystem in EMEA
Axalta Coating Systems (NYSE: AXTA) has been named exclusive supplier for BMW Group’s private paint label, ColorSystem, in currently 15 European countries plus South Africa. The agreement includes BMW Group’s network of 730 dealerships and collision repair partners. The agreement runs through December 2028 and adds to existing supplier agreements with BMW Group. “The BMW […]
Axalta’s Imron Wins R&D 100 Award for Innovation
Axalta (NYSE: AXTA) has won a 2023 R&D 100 award in the Mechanical and Materials category. Axalta’s next generation Imron is a coating technology that delivers sustainability benefits and improves production cycle time for transportation customers. “We are thrilled to once again accept a prestigious R&D 100 award,” said Robert Roop, Axalta’s Chief Technology Officer. […]
Axalta Releases 2020-2022 Sustainability Report
Axalta Coating Systems (NYSE: AXTA) released its 2020-2022 Sustainability Report, citing progress on its 2030 goals and reaffirming its commitment to a sustainable future. The report is available to download. Axalta is advancing toward achievement of its 2030 ESG goals addressing emissions, waste, water, diversity, community investment, governance, and more. The company’s strategy focuses on […]
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