Axalta Completes Acquisition of CoverFlexx Group

Axalta Coating Systems (NYSE: AXTA) announced that it has completed its previously announced acquisition of The CoverFlexx Group from Transtar Holding Company. CoverFlexx 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 products. CoverFlexx Group has manufacturing and development facilities in Brighton, Michigan and Milton, Ontario, Canada.