Supply chain challenges continue to impact results, particularly within mobility coatings. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales of $1,088.6 million increased 6.0% for the third quarter ended September 30 compared to the previous year, including a 1.3% foreign currency benefit, driven by 4.5% higher average price and product mix and a 1.8% M&A […]
Axalta Announces Prepper to Painter Training Course
Refinish North America introduced a new Prepper to Painter Application Course. Offered through online and in-person blended learning, the new program teaches refinish fundamentals to individuals who have some body shop experience. Upon course completion, an existing shop prepper will be able to transition into a painting role to help busy collision centers get more […]
Axalta Opens New Refinish Facility in the Netherlands
Axalta (NYSE: AXTA) has officially opened its new, state-of-the-art, sustainable facility in the Netherlands to strengthen its Dutch refinish business further. The ultramodern, strategically located facility in the Tiel municipality enables Axalta to provide more customers with its industry-leading refinish paint and non-paint products and services. The Axalta global refinish brands in the Netherlands – […]
Axalta Announces Inaugural Bright Futures Scholarships Recipients
Axalta Coating Systems (NYSE:AXTA) announced the winners of its first-annual Bright Futures Scholarship Program. The 19 recipients represent a group of students who have demonstrated academic excellence, leadership, and active participation in school and community activities. The 2021 Axalta Bright Futures Scholarship recipients are: Aman Agrawal – University of Houston; Alejandro Alberto – Universal Technical […]
Axalta Breaks Ground on New Coatings Facility in Northern China
Axalta (NYSE:AXTA) broke ground for construction of a state-of-the-art coatings facility in Jilin City, Jilin Province, North China. The 46,000-square-meter new plant will produce mobility coatings to support growing customer demand in China for light vehicles, commercial vehicles, and automotive plastic components. “Our new plant in Jilin is another building block supporting our ambitious growth […]
Axalta Completes U-POL Acquisition
Axalta Coating Systems (NYSE:AXTA) announced that it has successfully completed the previously announced acquisition of U-POL Holdings Limited. The acquisition of U-POL, a supplier of paint, protective coatings and accessories primarily for the automotive aftermarket, strengthens Axalta’s global refinish leadership position and supports its broader growth strategy. “The acquisition of U-POL is another step in […]
Bill Cook Assumes Chair Role on Axalta Board of Directors
Mark Garrett steps down from board. Axalta Coating Systems (NYSE:AXTA) announced that Mark Garrett has stepped down as a member and Chair of its Board of Directors, effective August 26 due to his increasing professional commitments in Europe. The Board has appointed William M. Cook as its new Chair, effective upon Mr. Garrett’s resignation. “It […]
Axalta Reports Reports Sales Up 72.6% in Second Quarter over Pandemic Impacted 2020
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,126.8 million for its second quarter ended June 30, an increase of 72.6% year-over-year, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average price and product mix. The company reported that volume growth across all end-markets was driven by ongoing […]
Axalta Acquires U-POL
The UK-based refinish product manufacturer does business in over 100 countries and expects 2021 fiscal net sales of $145 million. Axalta Coating Systems (NYSE: AXTA) today announced that it will acquire U-POL Holdings Limited from Graphite Capital Management LLP and other holders for £428 million ($590 million) subject to certain adjustments set forth in the […]
Axalta’s Tom McGarry to Retire July 16
Tom McGarry, North America Marketing and Strategy Manager for Axalta Coating Systems announced he will retire on July 16, after 34 years in the automotive paint industry and 15 years in the automotive mechanical industry. McGarry first joined Sherwin Williams in 1987 as a Branch Manager in Toledo, Ohio. He was promoted to Regional Jobber […]
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