Axalta Coating Systems Ltd. (NYSE:AXTA) announced that Carl Anderson has been appointed Senior Vice President and Chief Financial Officer (CFO), effective August 14. Anderson will succeed Sean Lannon, who will be leaving the Company to pursue other opportunities. Anderson is a seasoned financial executive with decades of corporate strategy and financial leadership experience in the […]
Axalta Launches Fully Automated Mixing Machine
System will be launched across Europe in June, followed by global rollout. Axalta Coating Systems (NYSE:AXTA) announced the launch of Axalta Irus Mix, a fast and efficient fully automated and completely hands-free mixing machine for the automotive refinish industry. Axalta Irus Mix delivers highly accurate color and works with Axalta’s packaging to maximize profitability and […]
Axalta Reports Sales Up 9.4% in First Quarter Compared to Last Year
Refinish sales and volumes both up in the quarter. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 9.4% year-over-year, and 12.1% excluding the impact of foreign exchange (FX) rates, for the first quarter ended March 31. The strong growth was driven by 9.4% higher average price mix and 2.7% better volumes, offset by a […]
Mitchell Partners with Axalta to Launch Educational Training Program for Commercial Truck Collision Repair
Companies introduce course on best practices for estimating and paint refinishing at HD Repair Forum. Mitchell, an Enlyte company, today announced it is collaborating with Axalta Coating Systems to introduce a new training program, Truck Fleet Damage Analysis and Estimating, that provides repairers with instruction on how to streamline the appraisal process for collision-damaged medium- […]
Axalta 2022 Sales Up Over 10% Compared to 2021
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its net sales for the fourth quarter ended December 31, 2022, increased 8.7% year-over-year, including a 5.4% foreign currency headwind. The strong year-over-year growth was driven by 11.7% higher average price-mix, and 2.4% better volumes. Performance Coatings net sales, which includes Refinish, increased 1.8% year-over-year, driven by constant currency growth of […]
Axalta Named Preferred Paint Partner at 57 Steer Automotive Group UK Sites
Axalta (NYSE:AXTA) announced it signed a multi-year agreement with Steer Automotive Group, the UK’s largest independently owned vehicle repair organization. Under the terms of the agreement, Axalta is the single preferred paint partner, supplying its premium refinish brand Standox to Steer Automotive Group’s 57 UK sites. “This new partnership demonstrates our shared goals of building […]
Chris Villavarayan Named Chief Executive Officer and President at Axalta
Rakesh Sachdev to Become Non-Executive Board Chair. Axalta Coating Systems Ltd. (NYSE:AXTA) announced the appointment of Chris Villavarayan as Chief Executive Officer and President and a member of the company’s Board of Directors, effective January 1, 2023. At that time, Rakesh Sachdev, who has served as interim CEO and President, will succeed Bill Cook as […]
Jim Muse Named VP of Sales for Global Refinish at Axalta
Axalta Coating Systems Ltd. (NYSE:AXTA) announced that Jim Muse has been promoted to VP of Sales, Global Refinish, effective January 1, 2023. Muse will return to Axalta’s Global headquarters in Glen Mills, Pa. and will report to Troy Weaver, Senior Vice President Global Refinish. “We are thrilled to promote Jim to lead our Global Sales […]
Axalta Reports Sales Up 13.8% in Third Quarter
Reports year-over-year market gains and continued recovery in Refinish and Mobility coatings segments. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,238.7 million increased 13.8% year-over-year, after the negative 6.3% foreign currency impact. The strong year-over-year growth was driven by 9.7% higher average price-mix, a 1.6% M&A benefit and 8.8% better volumes. […]
Axalta Launches Next Generation Automotive Refinish Basecoat Technology in Latin America
Axalta Coating Systems Ltd. (NYSE:AXTA) announced the launch of its next generation basecoat technology, Cromax Gen, for the Automotive Refinish industry in Latin America. The new product will help increase productivity and optimize costs for collision repair facilities. “Color reproducibility is key for the Automotive Refinish industry. The speed and accuracy in which we can […]
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