Shareholders of Akzo Nobel N.V. and Axalta Coating Systems Ltd. voted today to approve the companies’ roughly $25 billion all-stock merger of equals, clearing the last shareholder condition on a transaction that would create the world’s No. 2 coatings company. The combination would unite two of the largest suppliers of automotive refinish coatings to the […]
PPG Launches Quickline Waterborne Refinish System in U.S. and Canada
PPG Industries Inc. (NYSE: PPG) on Aug. 3 introduced the PPG Quickline waterborne refinish system, a portfolio of basecoats, undercoats, clearcoats, toners and ancillary products for collision repair facilities in the United States and Canada. PPG says the products are formulated to hold color and finish quality across a range of application environments. “Not all […]
PPG Reports Second Quarter Sales of $4.5 Billion
Automotive refinish coatings declined on strong prior year comparison but the company said U.S. distributor destocking is finished and refinish volumes projected to return to growth in the third quarter. PPG (NYSE: PPG) reported second quarter 2026 net sales of $4.5 billion, up 7% year over year, and said automotive refinish coatings organic sales fell […]
Axalta Reports Second Quarter Sales of $1.35 Billion as Refinish Grows 6%
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 […]
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