About Axalta . Recover your password Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Axalta was formed as a leveraged buyout of DuPont's Performance Coatings business by an affiliate of Carlyle Group in 2013, became a public company through an initial public offering in 2014, and Carlyle exited by selling its remaining shares in 2016. Axalta Coating Systems Ltd. is one of the world's leading coatings companies. Axalta Coating Systems UK Limited . Axalta Coating Systems is a global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. It recently traded at $29.30. (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday. Shares were down 16.2% at … Performance that inspires our focus on our customers, drives our constant innovation, feeds our passion for results, and permeates everything we do, every day, in every country in which we operate. Axalta recently reported its second-quarter numbers. Reporting by Greg Roumeliotis in New York; Additional reporting by Joshua Franklin in New York; Editing by Lisa Shumaker. Joseph N. DiStefano Shares of Axalta Coatings Systems Ltd., the Philadelphia-based auto-paints and powder-coatings maker, rose as much as 15 percent in trading Wednesday after the company revived expectations it will be sold. The bid would come three months after Axalta said it would explore a sale. How many vacation days do you get per ye… 3 people answered. Our Standards: The Thomson Reuters Trust Principles. Axalta Coating Systems is the leading provider of innovative products, services, and solutions designed to improve the efficiency and effectiveness of the vehicle refinish process. What is the vacation policy like at Axalta Coating Systems? Axalta also got new management in December, following an investigation of previous Chief Executive Officer Terrence Hahn’s conduct by external counsel that Axalta characterized as “inconsistent with the company’s policies.” Axalta never disclosed the investigation’s findings. See here for a complete list of exchanges and delays. Shares of Axalta Coating Systems Ltd plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with … The work itself is hot and somewhat messy, but it's not fast pace all the time and with two 1 hour long breaks per 12 hour shift, there is … Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Mr. Wesley T. Bieligk serves as Independent Director of Axalta Coating Systems LtdMr. Shares of Axalta Coating Systems Ltd plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Axalta Coating Systems Ltd., acquired last year by private-equity firm Carlyle Group LP, filed for a $100 million initial public offering in the U.S. The Philadelphia-based company also said it has hired Evercore and Barclays as financial advisers to assist in the review. Axalta provides coating solutions for commercial vehicles that are built to withstand even the harshest conditions. Its corporate headquarters is located in Philadelphia, PA that develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications. Home; News; investment; NY-based private equity company, Clayton, Dubilier & Rice, dubbed CD&R in short, had been in an advanced stage talk to partner up with US-based paint maker PPG Industries Inc., in a bid to make an acquisition offer for a US coating company, Axalta Coating System, largest stakeholder of which happened to be Warren Buffet-owned Berkshire Hathaway Inc., … Good pay, great benefits, excellent teamwork, wonderful schedule. Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel NV and Nippon Paint Holdings Co Ltd. Could you explain the 7 days a week rotating 12 hour shift. By Greg Roumeliotis (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc
to make an acquisition offer for Axalta Coating Systems Inc , the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc , people familiar with the matter said on Monday. Downtown-based PPG was mentioned in July as a possible bidder for Axalta after the company announced it would review strategic alternatives including a sale. Diese Seite erfordert Javascript, um angezeigt zu werden. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Axalta Coating Systems, new 170,000 sf global R&D center, 1050 Constitution Ave., Navy Yard, South Philadelphia. Get the latest Axalta Coating Systems Ltd. (AXTA) stock news and headlines to help you in your trading and investing decisions. Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise … It recently traded at $29.30. (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, people familiar with the matter said on Monday. Citing “people familiar with the matter,” Reuters reported Tuesday that PPG was speaking with Clayton, Dubilier & Rice about teaming up with the buyout firm on an Axalta acquisition… GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. Additional reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber and Jonathan Oatis. (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc , the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc , people familiar with the matter said on Monday. (Reuters) - Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, said on Wednesday it had formed a board committee to explore a sale of the company. Axalta is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. CD&R and PPG are discussing forming a consortium to bid for Axalta with other investors that include Singaporean sovereign wealth fund GIC and U.S. asset manager BlackRock Inc, one of the sources said. Since then, the company has lost about a fifth of its market value, even though the S&P 500 Index has risen more than 9 percent during the same period, as demand in Axalta’s key automotive market weakened. The Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and coatings maker. Hahn was replaced with the company’s chief financial officer, Robert Bryant. All quotes delayed a minimum of 15 minutes. The auction process for Axalta is ongoing and there is no certainty any deal will be reached, the sources said, asking not to be identified because the matter is confidential. Axalta also got new management in December, after an investigation of previous Chief Executive Officer Terrence Hahn’s conduct by external counsel that Axalta characterized as “inconsistent with the company’s policies.” Axalta never disclosed the investigation’s findings. All quotes delayed a minimum of 15 minutes. Axalta Coating Systems is an American company specializing in coatings in a wide variety of industrial applications, materials and sectors, such as for example automotive paints. 3 people answered. Mr. Bieligk is a member of the board of directors of Signode Industrial Group and Greater China Intermodal. Terms of Use Privacy Statement Privacy Statement Other private equity firms are also interested in Axalta, which has a market capitalization of $7.3 billion and long-term debt of close to $4 billion, three sources said. By Greg Roumeliotis (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, people familiar with the matter said on Monday. Axalta was formed as a leveraged buyout of DuPont's Performance Coatings business by an affiliate of Carlyle Group in 2013, became a public company through an initial public offering in 2014, and Carlyle exited by selling its remaining shares in 2016. Axalta is the fifth largest name in the $130bn global paints and coatings market. Axalta, which has headquarters in Philadelphia, is the world’s largest maker of auto refinish paints, with a … Axalta, a global supplier of liquid and powder coatings, announced that it has completed the acquisition of Capital Paints, a UAE-based thermosetting powder coatings manufacturer. Axalta, PPG, CD&R and Platinum Equity declined to comment. By Greg Roumeliotis (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc , the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc , people familiar with the matter said on Monday. Shares were down 16.2% at … Select a brand to browse the product catalog, or sign in if you are a registered distributor. (This version of the June 19 story corrects to show investigation was by external counsel in paragraph 5). Log into your account. Gregor Bohm is Director of Axalta Coating Systems. The bid would come three months after Axalta … Axalta Coating Systems Ltd. surged the most in more than a year as the frequent takeover target backed by Warren Buffett’s Berkshire Hathaway Inc. … Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources Berkshire Hathaway had a 10.4% stake in Axalta as of the end of June. Axalta Coating Systems is exploring options, including an outright sale of the business, less than 19 months after talks to sell itself to Japanese rival Nippon Paint fell apart. Gregor Bohm corporate profile, background and performance evaluation including other Axalta Coating executives The company reported a net profit of $207.1m on $4.7bn of sales in 2018. It reported $4.64 billion in … Carlyle, which also owns the Axalta Coating Systems brand, is a global alternative asset manager that is well positioned in Asia, Europe and the United States through its significant range of investments, and is one of the most experienced private equity investors in the global chemicals industry. Buyout firm Platinum Equity LLC, for example, has been in talks about partnering with Koch Industries Inc on a bid for Axalta, one of the sources said, cautioning that it is possible such a bid does not materialize. From the top all the way down this is a top notch place to work. Our Standards: The Thomson Reuters Trust Principles. By Greg Roumeliotis (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, people familiar with the matter said on Monday. Shares of Axalta Coating Systems Ltd (NYSE: AXTA) plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. According to Reuters, PPG … (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday. See here for a complete list of exchanges and delays. Is it a couple days on couple days off o… 3 people answered. Axalta shares jumped 14 percent on the news to $29.52 a share, giving the company a market capitalization of about $7 billion. Some of them have also been looking for partners. EXCLUSIVE-Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta -sources | Financial News PPG is in talks with buyout firm Clayton, Dubilier & Rice LLC to bid on Axalta Coating Systems Inc., Reuters reported, citing people familiar with the matter.. Axalta (NYSE:AXTA), a … The Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and coatings maker. It would allow PPG to overcome potential antitrust hurdles it would face were it to buy the entirety of Axalta, and only take on businesses it deems complementary. Welcome! Axalta is the 17th-largest public company in Greater Philadelphia, according to Philadelphia Business Journal research. © 2020 axalta Inc. All rights reserved. At Axalta, we are built for performance. (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday. Axalta, which has headquarters in Philadelphia, is the world’s largest maker of … Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. PPG is currently on an acquisition spree, snapping up smaller coatings companies, while paints maker Akzo Nobel last year decided to focus on its core business by selling its specialty chemicals division Nouryon to buyout firm Carlyle Group LP and Singaporean wealth fund GIC. There is no certainty of any deal, Axalta cautioned. Axalta Coating Systems Ltd. is one of the world's leading coatings companies. A high-level overview of Axalta Coating Systems Ltd. (AXTA) stock. Global venture capital investment remains strong despite dealmaking numbers dropping for the sixth consecutive quarter, new research shows, with a trio of $1bn-plus deals from across the globe helping buoy the industry's figures. Staying with the auto-related theme, Axalta Coating Systems, the heavyweight in automotive coatings, is another stock that’s worth a look. Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. What advice would you give the CEO of Axalta Coating Systems about how to improve it? (Reuters) - Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, said on Wednesday … Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Forgot your password? Its corporate peers include Sherwin-Williams Co, Akzo Nobel NV, BASF SE and RPM International Inc. Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel and Nippon Paint Holdings Co Ltd. PPG is currently on an acquisition spree, snapping up smaller coatings companies. They provide a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The move was driven by the company’s desire to proactively stay on top of a wave of consolidation sweeping the paints and coatings industry, according to people familiar with the matter who requested anonymity to discuss confidential deliberations. Dutch paintmaker Akzo Nobel NV is considering a merger of equals with U.S. rival Axalta Coating Systems Ltd., a deal that would combine two companies with a market value of about $30 billion. Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings … Get the latest Axalta Coating Systems Ltd. (AXTA) stock news and headlines to help you in your trading and investing decisions. Bieligk is a Principal at Carlyle focused on buyout opportunities in the industrial and transportation sectors. Axalta is a leading global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. An activist hedge fund, Jana Partners LLC, is also an Axalta shareholder, with a 2.5% stake as of the end of June, according to regulatory filings. 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