Prepped for Success: Axalta launches prepper to painter upgrade course
Toronto, Ontario — Looking to take your refinishing game to the next level? Axalta has launched a brand new training course to give technicians the opportunity to upgrade from prepper to painter in about a week. The course combines online and in-person training sessions and aims to give technicians the knowledge and skills to be […]
Tuesday Ticker: October 5, 2021
Toronto, Ontario — This week, Magna gets booted from its proposed deal with automotive technology group Veoneer, Rivian officially files its initial public offering (IPO) and Axalta reevaluates its full-year guidance. Melancholy at Magna Swedish automotive technology firm Veoneer has opted to go with Qualcomm’s $37-per-share merger bid following a previously announced merger with Aurora, […]
Cards on the Table: Axalta expects supply chain disruptions to cost $40 million in lost net sales
Toronto, Ontario — Constraints in the Canadian supply chain continue to put the squeeze on automotive suppliers as Axalta said that they are expecting a $40 million drop in net sales for Q3 this year. With the microchip shortage and raw material inflation a daily reality for the global automotive industry, Axalta has decided to […]
U-POL Position: Axalta closes acquisition of U-POL
Glen Mills, Pennsylvania — Global paint-supplier Axalta announced on Wednesday that it has officially closed on their acquisition of U-POL Holdings Ltd. “The acquisition of U-POL is another step in Axalta’s growth strategy and strengthens our global leadership position in the refinish coatings segment,” said Axalta CEO Robert Bryant. “The addition of U-POL’s team, industry […]
Electric Anticipation: Axalta to unveil EV coatings at Novi Battery Show
Novi, Michigan — Axalta plans to unveil a portfolio of coatings that hope to enhance the performance, durability, safety and cost of electric vehicle batteries and motors at the Battery Show North America on September 14-16 in Novi, Mich., according to a press release. The company will also introduce its latest Plascoat thermoplastic powder that […]
Fine Fellows: Dr. Carmen Flosbach and Dr. Michael Koerner named Axalta Fellows
Philadelphia, Pennsylvania — Axalta has announced that Dr. Carmen Flosbach and Dr. Michael Koerner have been elevated to the status of Axalta Fellow, in a press release from last Wednesday. Axalta Fellow is the highest honour that a scientist or engineer can earn within Axalta’s Technology function. Dr. Flosbach has been an innovator throughout the […]
Tuesday Ticker: August 3, 2021
Toronto, Ontario — As second-quarter financials are unveiled, this week’s Tuesday Ticker takes a look at major industry players Driven Brands, Axalta and PPG’s quarterly numbers. Driven to grow Driven Brands Holdings reported financial results for the second quarter of 2021 earlier this week, marking revenues of US$374.8 million, an increase of 123 percent versus […]
Coatings Camaraderie: Axalta acquires U-POL Holdings
Philadelphia, Pennsylvania — Axalta Coatings has acquired U-POL Holdings Limited from Graphite Capital Management LLP for £428 million (CND$ 739.3 million). Axalta plans to employ its already existing sales and distribution channels to grow U-POL’s product line and reach more customers. Robert Bryant, Axalta’s chief executive officer, says that by acquiring U-POL there are a […]
Colour is Key: Axalta survey reveals colour was key factor in 88 percent of vehicle purchases
Philadelphia, Pennsylvania — A recent survey conducted by Axalta shows that colour plays a huge role when consumers look to purchase a vehicle. More than 4,000 participants aged 25 to 60 in four of the largest vehicle-producing countries – China, Germany, Mexico and the US said that colour was a key factor in 88% of […]
A Grand Axaltation: Axalta wins three Edison Awards for Innovation, Sustainability and Engineering
Philadelphia, Pennsylvania — Where usually sealers and primers are top of mind at Axalta, the global coatings leader was seeing only gold on Friday when the company announced that they had come away with three Edison Awards at this year’s event. Axalta was awarded in the categories of Innovative Services, Sustainability and Engineering and Materials […]
