Axalta Coating Systems Ltd. (NYSE: AXTA) reported second quarter net sales of $1.35 billion, up 3% year over year, and record adjusted earnings, as refinish net sales rose 6% and the coatings supplier secured more than 1,900 net new collision repair facilities in the first half of 2026. Adjusted earnings before interest, taxes, depreciation and […]
AkzoNobel Rebuffs Nippon Paint Offers for Decorative Paints Business Ahead of Axalta Merger Votes
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
BASF Coatings Completes Sale to Carlyle, Relaunches as Surventis
The automotive OEM, refinish and surface treatment business begins operating July 1 as a standalone company under Carlyle Group and Qatar Investment Authority ownership, with BASF retaining a 40% stake. The automotive coatings business formerly known as BASF Coatings began operating July 1 as an independent company under a new name, Surventis, a day after […]
BASF Coatings Names Executive Committee to Lead Standalone Company
Sale to Carlyle Group expected to close next week. BASF Coatings has named the seven-member executive committee that will run the automotive coatings business as an independent company beginning July 1, when its sale to Carlyle Group is expected to close. The committee will be led by incoming chief executive officer Jens Luehring. The appointments […]
Nippon Paint and Sherwin-Williams End Pursuit of AkzoNobel
End of bid clears path for continuation of AkzoNobel and Axalta merger of equals. Nippon Paint Holdings Co. and The Sherwin-Williams Company said June 3 they have ended their joint effort to acquire Akzo Nobel N.V., removing the chief obstacle to AkzoNobel’s proposed $25 billion all-stock merger of equals with Axalta Coating Systems Ltd. The […]
BASF Coatings Names Steve Arndt to Lead Global Refinish Business
BASF Coatings has appointed Steve Arndt senior vice president of its global automotive refinish coatings business, effective July 1, 2026. He succeeds Chris Titmarsh, who is stepping down after a 20-year career with the company. Arndt brings more than 30 years in the automotive refinish industry spanning manufacturing and distribution across North America and Europe. […]
PPG Reports First Quarter Sales of $3.9 Billion
Refinish volumes down double digits on comparison to strong first half of 2025, but U.S. claims trends signal earlier recovery. PPG reported first-quarter 2026 net sales of $3.9 billion, up 7% year over year, and said the U.S. automotive refinish market is recovering faster than the company initially expected based on improving collision claims data […]
PPG Begins Global Price Hikes of Up to 20% Across Coatings Portfolio
PPG has begun raising prices by up to 20% on its paints, coatings and specialty products worldwide including automotive refinish, citing sharp cost inflation for raw materials, energy, logistics and packaging across the coatings supply chain. The Pittsburgh, Pa.-based coatings maker, which reported net sales of $15.9 billion in 2025, said April 15 that the […]
Axalta Wins Six Innovation Awards, Including Refinish Waterborne Clearcoat
Axalta Coating Systems (NYSE: AXTA) has received six Business Intelligence Group (BIG) Innovation Awards for products spanning its Refinish, Mobility Coatings, and Industrial Coatings business units. The refinish product recognized was Spies Hecker Permahyd Hi-TEC 8260 Premium Waterborne Clearcoat, which the company said reduces solvent emissions by more than 65 percent compared to conventional clearcoats. […]
BASF Coatings Expands Biomass-Balanced Products Offering to North America
BASF Coatings is expanding its biomass-balanced product line into North America in 2025, following successful launches in Europe and Asia. The move is part of the company’s sustainability strategy focused on reducing CO2 emissions and supporting circular economy principles. The company currently offers approximately 250 biomass-balanced products across three regions and three business areas, including […]
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