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Axalta Acquires The CoverFlexx Group

Axalta Coating Systems (NYSE: AXTA), a prominent global coatings company, has successfully completed its previously announced acquisition of The CoverFlexx Group from Transtar Holding Company. The CoverFlexx Group specializes in manufacturing and selling coatings for automotive refinish and aftermarket applications, targeting economy customers in North America.

“The acquisition of The CoverFlexx Group further solidifies our excellent offerings in Refinish coatings,” said Chris Villavarayan, Axalta’s Chief Executive Officer and President. “As outlined at our recent Strategy Day, investing in growth in our Refinish business is a key priority of Axalta, and this acquisition advances that priority.”

Troy Weaver, Axalta’s President, Global Refinish, added, “We are thrilled to officially welcome our new team members to Axalta. We will work to make the integration as smooth as possible, while continuing to deliver on our commitments. I look forward to all we can accomplish together to grow the Refinish business.”

The CoverFlexx Group provides an extensive selection of primers, basecoats, and clearcoats, along with aerosols, fillers, bedliners, detailing products, and paint shop accessories. Their well-established brands include Transtar® Autobody Technologies, Pro-Form™, and Aftermkt Armor™ products. The CoverFlexx Group operates manufacturing and product development facilities in Brighton, Michigan, and Milton, Ontario.

Source - Axalta



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