Axalta Completes Acquisition of CoverFlexx Group

PHILADELPHIA, July 2, 2024 (GLOBE NEWSWIRE) — Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, has successfully completed its previously announced acquisition CoverFlexx Group With Transtar Holding CompanyCoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focusing on value-priced customers in North America.

“The acquisition of The CoverFlexx Group further strengthens our excellent Refinish coatings offering,” said Chris Villavarayan, CEO and president of Axalta. “As highlighted at our recent Strategy Day, investing in growth in our Refinish business is a key priority for Axalta, and this acquisition expands on that priority.”

Troy Weaver, president, Global Refinish, Axalta, added, “We are excited to formally welcome these new team members to Axalta. We will work to ensure the integration is as smooth as possible while continuing to deliver on our commitments. I look forward to all that we can accomplish together to grow Refinish.”

CoverFlexx Group offers a wide range of primers, basecoats and clearcoats, as well as aerosols, fillers, truck bed coatings, detailing products and paint accessories. Established brands include Transtar® Autobody Technologies, Pro-Form™ and Aftermkt Armor™. CoverFlexx Group has manufacturing and development facilities in Brighton, Michigan and Milton, Ontario.

About Axalta

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building exteriors and other industrial applications, our coatings are designed to prevent corrosion, increase performance and improve durability. With more than 150 years of experience in the coatings industry, the global Axalta team continues to find ways to better serve our more than 100,000 customers in more than 140 countries every day by delivering the best coatings, application systems and technology. For more information, visit axalta.pl and follow us on Facebook, LinkedIn AND @axalta on X