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Featured Investor News
Axalta Releases First Quarter 2017 Results
Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the first quarter ended March 31, 2017.“Axalta’s financial and operating performance has started the year well on plan, with top-line growth at the high end of our expectations and continued success in our operating, productivity and acquisition initiatives,” said Charles W. Shaver, Axalta’s Chairman and Chief Executive Officer. “We are thrilled by our agreement to purchase the industrial wood coatings business from Valspar and by the opportunity that this deal and others we have recently closed give us to further extend our growth and competitive position in Performance Coatings.” Read More
Axalta Coating Systems to Acquire Valspar's North American Industrial Wood Coatings Business
Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, announced today that it has entered into a definitive agreement with The Valspar Corporation (NYSE:VAL) and The Sherwin-Williams Company (NYSE:SHW) to acquire the assets related to Valspar’s North American Industrial Wood Coatings business for $420 million in cash. Valspar is divesting the business in connection with the reviews by the Federal Trade Commission (FTC) and Canadian Competition Bureau (CCB) of the proposed acquisition of Valspar by Sherwin-Williams. The business had revenues of approximately $225 million in 2016 and is one of the leading providers of coatings for OEM and aftermarket Industrial Wood markets, including building products, cabinets, flooring and furniture in North America.Read More
Axalta Coating Systems Opens Regional Auto Refinish Training Centre in Dubai
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has launched the first of its kind Automotive Refinish Training Centre in Dubai, United Arab Emirates. The Centre will provide expert training in the use of Axalta products that are designed for the repainting of vehicles in body shops. The opening of the next generation facility follows the October 2016 opening of Axalta’s regional office in Dubai’s Jebel Ali Free Zone Authority (JAFZA). Read More
Axalta Coating Systems Recognized by General Motors as a 2016 Supplier of the Year Winner
“We are focused on building positive supplier relationships, bringing new, customer-centric innovations to GM and being the OEM of choice among suppliers,” said Steve Kiefer, GM vice president, Global Purchasing and Supply Chain. “The companies we recognize tonight not only have brought innovation, they delivered it with the quality our customers deserve.” This is the third consecutive year Axalta has received the award.
Axalta Welcomes Elizabeth Lempres to Board of Directors
Ms. Lempres is a Senior Partner at McKinsey & Company, a leading management consulting firm, where she also serves as a member of the firm’s Board of Directors, leads its Global Private Equity and Principal Investing Practice, and serves on the Board of Directors of the McKinsey Investment Office. Over the course of 28 years at McKinsey, Ms. Lempres has worked with companies across multiple sectors including industrial and consumer goods, retail, financial services, health care, and technology. Read More
Axalta Coating Systems Announces $675 Million Share Repurchase Program Authorization
Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, today announced that its Board of Directors authorized a common share repurchase program of up to $675 million. Axalta expects the share repurchases to be made from time to time in the open market or through privately-negotiated transactions, or otherwise, subject to applicable laws, regulations and approvals.
Axalta Hosts Inaugural Supplier of the Year Awards in Daytona, FL
Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, hosted its inaugural Supplier of the Year Awards event February 25-26 in Daytona, Florida. Axalta developed the awards program to recognize the critical role that suppliers play in the company’s ability to deliver superior products and services to its more than 100,000 customers around the world. Read More
Axalta Releases Fourth Quarter and Full Year 2016 Results
Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2016.