Some of them have also been looking for partners. 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. All quotes delayed a minimum of 15 minutes. Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with … 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. Our Standards: The Thomson Reuters Trust Principles. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Shares of Axalta Coating Systems Ltd plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. From the top all the way down this is a top notch place to work. 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 … According to Reuters, PPG … Select a brand to browse the product catalog, or sign in if you are a registered distributor. Get the latest Axalta Coating Systems Ltd. (AXTA) stock news and headlines to help you in your trading and investing decisions. About Axalta . 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. 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. 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 … 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. 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. A high-level overview of Axalta Coating Systems Ltd. (AXTA) stock. Hahn was replaced with the company’s chief financial officer, Robert Bryant. Axalta, PPG, CD&R and Platinum Equity declined to comment. There is no certainty of any deal, Axalta cautioned. The Philadelphia-based company also said it has hired Evercore and Barclays as financial advisers to assist in the review. (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. 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. Get the latest Axalta Coating Systems Ltd. (AXTA) stock news and headlines to help you in your trading and investing decisions. Forgot your password? Axalta, which has headquarters in Philadelphia, is the world’s largest maker of auto refinish paints, with a … 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. 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. Our Standards: The Thomson Reuters Trust Principles. The company reported a net profit of $207.1m on $4.7bn of sales in 2018. It recently traded at $29.30. 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. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Shares were down 16.2% at … (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 plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. 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. 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. Axalta Coating Systems Ltd. got hit hard by the coronavirus selloff, but has since recovered quite a bit of lost ground.The company is currently selling not too far from its initial public offering price in 2014. Mr. Bieligk is a member of the board of directors of Signode Industrial Group and Greater China Intermodal. It reported $4.64 billion in … Terms of Use Privacy Statement Privacy Statement Is it a couple days on couple days off o… 3 people answered. Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel NV and Nippon Paint Holdings Co Ltd. 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. (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. 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 Coating Systems, new 170,000 sf global R&D center, 1050 Constitution Ave., Navy Yard, South Philadelphia. Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. Its corporate headquarters is located in Philadelphia, PA that develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications. 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 is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. What is the vacation policy like at Axalta Coating Systems? Mr. Wesley T. Bieligk serves as Independent Director of Axalta Coating Systems LtdMr. 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. How many vacation days do you get per ye… 3 people answered. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. 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. 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., … Also been looking for partners the development, manufacture and sale of liquid and powder coatings place to work Bieligk... Systems UK Limited, PPG, CD & R and Platinum Equity declined comment. 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