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Axalta Coating Systems successfully completes acquisition of The CoverFlexx Group

PUBLIC · AXTAJul 02, 2024

Acquiring Company

Axalta Coating Systems Ltd

Acquired Company

The CoverFlexx Group

PhiladelphiaManufacturingAutomotive

Description

Axalta Coating Systems, a global leader in the coatings industry, has successfully finalized the acquisition of The CoverFlexx Group from Transtar Holding Company. This strategic move further strengthens Axalta's offerings in Refinish coatings, aligning with its priority to invest in the growth of the Refinish business segment.

Quick answer

Axalta Coating Systems Ltd is acquiring The CoverFlexx Group, announced July 2, 2024. Axalta Coating Systems Ltd is based in Philadelphia, Pennsylvania, United States.

How much did Axalta Coating Systems Ltd pay for The CoverFlexx Group?
The deal value was not disclosed.
What does Axalta Coating Systems Ltd do?
Axalta Coating Systems Ltd. is a leading global manufacturer and distributor of high-performance coatings systems and products, founded in 2012 and headquartered in Bermuda.
Where are Axalta Coating Systems Ltd and The CoverFlexx Group based?
Axalta Coating Systems Ltd is based in Philadelphia, Pennsylvania, United States.
Who are the decision-makers at Axalta Coating Systems Ltd?
Fundz holds 5 contacts at Axalta Coating Systems Ltd. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Axalta Coating Systems Ltd

Location

Philadelphia, Pennsylvania, United States

About

Axalta Coating Systems Ltd. is a leading global manufacturer and distributor of high-performance coatings systems and products, founded in 2012 and headquartered in Bermuda. With over 150 years of heritage in the coatings industry, Axalta is renowned for its high-quality products and innovative technologies that enhance performance, appearance, and sustainability for its customers. The company operates in two segments—Performance Coatings and Mobility Coatings—and serves four global end-markets, including refinish and industrial. Their diverse global footprint allows them to efficiently meet customer needs through a strong sales force and technical support organization, alongside independent distributors. Recently, in November 2025, Axalta entered into a Merger Agreement with Akzo Nobel N.V., which signifies its strategic focus on growth through consolidation and collaboration within the industry.

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Frequently asked

Who acquired The CoverFlexx Group?

The CoverFlexx Group was acquired by Axalta Coating Systems Ltd, based in Philadelphia. The deal was reported on July 2, 2024. Axalta Coating Systems Ltd. is a leading global manufacturer and distributor of high-performance coatings systems and products, founded in 2012 and headquartered in Bermuda. Axalta Coating Systems Ltd is publicly traded (AXTA).

When did Axalta Coating Systems Ltd acquire The CoverFlexx Group?

Axalta Coating Systems Ltd's acquisition of The CoverFlexx Group was reported on July 2, 2024. Axalta Coating Systems, a global leader in the coatings industry, has successfully finalized the acquisition of The CoverFlexx Group from Transtar Holding Company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The CoverFlexx Group do?

The CoverFlexx Group, a subsidiary of Transtar Holding Company, specializes in manufacturing and distributing coatings for automotive refinish and aftermarket applications. It is privately held, operating in Manufacturing.

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