Axalta Coating Systems

AkzoNobel and Axalta have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings leader with an enterprise value of $25 billion. The combined company will have dual headquarters in Amsterdam and Philadelphia.

Nippon Paint Holdings made an all-cash offer to acquire Axalta Coating Systems, after merger talks between Axalta and Akzo Nobel ended without agreement.

AkzoNobel confirmed it is in discussions to merge its Paints & Coatings Business with Axalta in a merger of equals to create a leading global paints and coatings company.

Dutch paints and coatings company Akzo Nobel has approached U.S. rival Axalta Coating Systems to discuss a possible merger that would create a global coatings giant. The talks are in early stages and there is no certainty a deal will be reached.

Axalta Coating Systems has made a binding offer to acquire the European and Chinese operations of IVA, a wire enamel manufacturer, from its parent company Superior Essex.

Axalta Coating Systems completed the purchase of Valspar's North American Industrial Wood Coatings business for an estimated $420 million. The deal closed on June 1, 2017, contingent on Sherwin-Williams' acquisition of Valspar.

Axalta Coating Systems has entered into a definitive agreement to acquire the assets related to Valspar's North American Industrial Wood Coatings business, which had revenues of approximately $225 million in 2016.

Axalta Coating Systems (Nanjing) Co., Ltd., an indirect wholly-owned subsidiary of Axalta, plans to build a new production base in the Nanjing Chemical Industry Park with an annual capacity of 65,000 tons of resin and 55,000 tons of high-performance coatings. The total investment is 891 million yuan (approximately $131 million).

Axalta Coating Systems agreed to acquire Valspar's North American Industrial Wood Coatings business from Sherwin-Williams and Valspar for $420 million in cash, as part of regulatory approvals for Sherwin-Williams' acquisition of Valspar.

Axalta Coating Systems announced a new manufacturing plant for automotive, commercial vehicle and industrial coatings in Nanjing, China. The facility is expected to be fully operational by the end of 2020, with initial manufacturing capability by early 2019.

Axalta Coating Systems entered an agreement to acquire the Spencer Coatings Group, a manufacturer of high-performance industrial coatings.

Axalta Coating Systems announced a new manufacturing plant for high-performance automobile, commercial vehicle and industrial coatings in Nanjing, China. The facility is expected to be fully operational by the end of 2020, with initial manufacturing capability by early 2019.