# Axalta to acquire The CoverFlexx Group from Transtar

Axalta Coating Systems has signed a definitive agreement to acquire The CoverFlexx Group, a subsidiary of Transtar Holding Company, which manufactures coatings for automotive refinish and aftermarket applications. The transaction is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-05-13
- Where: United States
- Status: announced
- Products: automotive refinish coatings, aftermarket coatings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Axalta Coating Systems](https://endata.com/companies/19638.md) (acquirer)
- [The CoverFlexx Group](https://endata.com/companies/77378.md) (target)
- [Transtar Holding Company](https://endata.com/companies/77379.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/transtar-holding-company-announces-agreement-for-axalta-to-acquire-the-coverflexx-group-302143443.html), 2024-05-13: "Axalta is a premier global manufacturer of refinish and industrial coatings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.