Find the latest Axalta Coating Systems Ltd. (AXTA) stock discussion in Yahoo Finance's forum. An Axalta spokesperson said it would not comment on market speculation. A high-level overview of PPG Industries, Inc. (PPG) stock. rumored to be looking at Axalta—which was Owned byThe Carlyle Group (Washington, DC) from early 2013 to late 2014—along with coatings majors such as PPG and AkzoNobel. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. Axalta met fin aux discussions avec Nippon Paint: 2017: Japanischer Farbenhersteller Nippon Paint und Axalta brechen Fusionsgespräche.. 2017: Les actionnaires d'Akzo approuvent la scission de la chimie fine: 2017: Japanischer Farbenhersteller Nippon Paint überrascht mit Offerte für Axalta Where Do Color Trends Come From? Chesterton Company, KC Jones Plating Company, OM Sangyo. AkzoNobel and Axalta End Merger Discussions November 21, 2017. previous chevron_left Next chevron_right. http://www.streetinsider.com/signup_content.php. A tie-up between Axalta and Akzo is “logical” given the rapidly consolidating coatings industry, Ghansham Panjabi, an analyst at Robert W. Baird & Co., said in a note about the latest move. But Akzo Nobel is a bigger player in automotive products. Axalta Draws Interest From Kansai Paint and PPG - Bloomberg. Facebook. Axalta’s stock sat at $31.23 as of early Wednesday afternoon. However, he did say that the company wouldn’t change its capital priorities and would stay focused on its mergers and acquisition efforts, but with an eye towards a 2.5x leverage target, according to the Seeking Alpha text. Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. Sequential recovery from all end-markets; Q3 2020 net sales 57.3% higher than Q2 2020 ; Q3 2020 net sales decreased 7.2% year-over-year to $1,026.9 million Axalta seems to have decent stuff now a days, not as common as PPG yet around here. Axalta’s vehicles coating business would fill a gap in AkzoNobels’s portfolio. PPG tried to buy AkzoNobel on friendly terms three times with unsolicited offers, the last of those about $28.8 billion, or about $103.77 a share for a 50 percent premium on AzkoNobel’s price before merger talks. The founding father of the automotive paint business is being laid to rest. If you continue to use this site we will assume that you are happy with it. (John Huetter/Repairer Driven News), The PPG booth at SEMA 2018 is shown. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. All salaries and reviews are posted by employees working at PPG vs. Axalta. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. And that could mean another payday for Warren Buffett. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Reactions: Barry. One source told Reuters the two companies might form a consortium with Singapore wealth fund GIC and BlackRock. Jana Partners disclosed in an SEC filing its holdings as of September 30, 2020. WhatsApp. Last edited: Sep 22, 2019. PPG Otomotiv Tamir ürünlerini tercih edin ve otomotiv ve ticari araç tamiri için ürünler geliştirmede 80 yılı aşkın deneyimimizden yararlanın. After completing the CAPTCHA below, you will immediately regain access to www.streetinsider.com. The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. We use cookies to ensure that we give you the best experience on our website. As you were browsing www.streetinsider.com something about your browser made us think you were a bot. The fund's new buys during the third quarter included Encompass Health (EHC), New Relic (NEWR), and Axalta seems to have decent stuff now a days, not as common as PPG yet around here. Axalta Closes on UAE Powder Coatings Manufacturer. AkzoNobel and Axalta previously considered merging, but this is the most concrete that these plans ever were. PPG and BASF are the main competitors. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. JavaScript needs to be enabled to complete CAPTCHA. Seeking Alpha, whose transcript of that call helped us quickly confirm what was said. DuPont Performance Coatings, rooted in the dawn of the Automobile Age, now sports a new name after the completion of its $4.9 billion sale to The Carlyle Group on Feb. 1, the companies announced Monday (Feb. 4).. COVID 19 Impact Analysis of Global Anticorrosion Coatings Market Report 2020 PPG Industries, Akzonobel, The Sherwin-Williams, Axalta Coating Systems, BASF, Hempel, Jotun, Ashland, RPM International, Kansai Paint, Nycote Laboratories, Diamond Vogel, Nippon Paint, Dupont Automotive refinishing is Axalta’s most important business unit, and it called itself No. Akzo Nobel said it “never respond[s] to market rumours”. Share your opinion and gain insight from other stock traders and investors. On October 30th 2017, in response to market speculation, AkzoNobel confirmed it was in constructive discussions regarding a potential merger of the AkzoNobel Paints and Coatings business with Axalta. chemwee k com The outcome of Axalta's review process, however, remains unclear. PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. Sep 22, 2019 #3 Just what we need, one big Paint Company that will own everything and jack up prices even more. By. Axalta would fit with Berkshire Hathaway's Benjamin Moore paint line. Shaver told analysts on its fourth-quarter and full-year earnings call in February 2018. crashtech Combo Man. 1 in that market as of a third-quarter investor presentation. Refinitiv showed that Axalta’s consensus price target was $26.83 ahead of this price hike, and the street-high was up at $33. According to Reuters, PPG Industries has partnered with private equity investor Clayton, Dubilier & Rice to consider acquiring Axalta Coating Systems. Axalta has a phenomenal Cash Return on Equity; nevertheless, with debt factored in, its CROTC is just 10.4%. Find the latest news headlines from Axalta Coating Systems Ltd. Common Shares (AXTA) at Nasdaq.com. Citing “people familiar with the matter,” Reuters reported Tuesday that PPG was speaking with Clayton, Dubilier & Rice about teaming up with the buyout firm on an Axalta acquisition. © 2020 DRIVEN COMMUNICATIONS Inc. All Rights Reserved. A tie-up between Axalta and Akzo is “logical” given the rapidly consolidating coatings industry, Ghansham Panjabi, an analyst at Robert W. Baird & Co., said in a note about the latest move. Citing people with knowledge of the matter, Reuters said joining forces with the buyout firm would enable PPG to get around any regulatory concerns which could be raised by an acquisition. Liquid and powder coatings supplier Axalta recently announced that it has completed the acquisition of Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer. Pinterest. Axalta's LTM revenue dropped 3.3%, while operating income increased by 4.14%. Axalta is the 17th-largest public company in Greater Philadelphia, according to Philadelphia Business Journal research. PPG Industries Inc. said broad manufacturing weakness in recent months dented its sales of coatings used by factories and car makers.. Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. According to the report, Japanese chemical company Kansai Paint Co. Ltd. and Pennsylvania-based paint supplier PPG Industries Inc. are mulling making bids for Axalta. Learn More. Learn More. Axalta is the 17th largest public company in … A source also told the news service that another buyout firm, Platinum Equity, is also talking about an Axalta bid with Koch Industries. Axalta's LTM revenue dropped 3.3%, while operating income increased by 4.14%. Melanie Gerald - October 22, 2020. Immediate Release Axalta Releases Third Quarter 2020 Results Record Adjusted EBIT and Adjusted EPS Results Fueled by Rapid Demand Recovery and Ongoing Cost Containment Third Quarter 2020 Highlights: . Every single day at PPG, we innovate, create, and provide sustainable solutions that make a difference to our company, customers, shareholders, and our communities. PPG, BASF, Axalta, Akzonobel, Sherwin Williams, Kansai, Solvay, Valspar, Covestro, 3M, DOW Chemical, KCC, Nippon Paint. As of July 18, it had 233,263,277 outstanding shares for a market cap of $7.28 billion. If you are interested in www.streetinsider.com content, APIs are available. (John Huetter/Repairer Driven News). Google+. Unrivaled Performance. Warren Buffett’s Berkshire Hathaway owns a 10.4% stake in Axalta. Monday it would buy a United Arab Emirates architectural coatings powder manufacturer, “merger of equals” talks with Dutch paint firm AkzoNobel. A high-level overview of PPG Industries, Inc. (PPG) stock. Eğitim. PPG offers paint color services and support to designers, painters, and architects. Composite Coatings Market Size 2020 Growth Rate by Applications, Product Type and Future Forecast 2027 | Axalta Coating Systems, PPG Industries, LLc, Mader Group, A.W. (Special thanks to Seeking Alpha, whose transcript of that call helped us quickly confirm what was said and check quotes. Axalta's stock price reached $29.55 as of noon trading Wednesday, a more than 14.4% increase from its close on Tuesday. Ticari Araç Tamir Ürünleri. More specifically, potential deals among the following companies: Indeed, PPG is reportedly looking at making an offer, and Akzo Nobel and Axalta previously discussed a merger in 2017, while private equity firms are also believed to be circling the company. Axalta is big in automotive coatings and competes with PPG in this area, while Akzo has more focus on interior coatings. The PPG Way. You reached this page when attempting to access https://www.streetinsider.com/Hot+M+and+A/Axalta+%28AXTA%29+Takeover+Seen+Wrapping+Up+Over+Next+Two+Weeks+-+Sources/16204002.html from 23.254.252.10 on 2020-12-25 20:47:54 UTC. Find the latest Axalta Coating Systems Ltd. (AXTA) stock discussion in Yahoo Finance's forum. PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 They provide a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Axalta Coating Systems is up 4.92% to 23.26. Please contact us here http://www.streetinsider.com/signup_content.php. Axalta Coating Systems is a global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. “Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta – sources”, “Axalta Coating Systems Ltd. (AXTA) CEO Robert Bryant on Q2 2019 Results – Earnings Call Transcript”, The Axalta booth at SEMA 2018 is shown. Article content. By analyzing existing cross correlation between Axalta Coating Systems and PPG Industries, you can compare the effects of market volatilities on Axalta Coating and PPG Industries and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Twitter. DuPont Performance Coatings, rooted in the dawn of the Automobile Age, now sports a new name after the completion of its $4.9 billion sale to The Carlyle Group on Feb. 1, the companies announced Monday (Feb. 4).. Share your opinion and gain insight from other stock traders and investors. Y. Yahoo Finance Insights. Paint Store Locator. Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 Axalta could still decide not to sell itself and remain independent. AkzoNobel rejected three takeover attempts by PPG, the world’s largest paints and coatings firm, earlier this year. Protective & Marine Coatings. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. Standox has gotten stupid expensive since Dupont sold out to Axalta. (In fact, Axalta just announced Monday it would buy a United Arab Emirates architectural coatings powder manufacturer.). Jul 18, 2019 - Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest … 2. Standox has gotten stupid expensive since Dupont sold out to Axalta. PPG said they don’t comment on rumors or speculation. Contact. Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter. You have to wonder if antitrust will be a problem. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. “I think the two different transactions had different issues,” then-CEO Charles Shaver told analysts on its fourth-quarter and full-year earnings call in February 2018. Major Logical Reasons Behind PPG Industries Inc. (PPG), Axalta Coating Systems Ltd. (AXTA) Growth. Global Smart Coating Suppliers Leadership Quadrant and Benchmark Report 2020 Featuring 3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, … At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Axalta on Nov. 30, 2017, announced it had broken off discussions with potential buyer Nippon Paint after the suitor “was unwilling to meet our expectations regarding the value of the company and assume the financial leverage necessary.” Nine days prior, Axalta announced it’d ended “merger of equals” talks with Dutch paint firm AkzoNobel — which itself had that summer shot down purchase attempts by PPG. Analysts Offer Insights on Materials Companies: PPG Industries (PPG) and Fortuna Silver Mines (FSM) Dec. 16, 2020 at 4:05 a.m. The global paints & coatings market is projected to grow from USD 147.2 billion in 2020 to USD 179.4 billion by 2025, at a CAGR of 4%, between 2020 and 2025.. Reply. Jul 18, 2019 - Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest … Axalta has a market value of 8 billion dollars. The increasing urban population is … The founding father of the automotive paint business is being laid to rest. Axalta CEO Robert Bryant, independent director Samuel Smolik and independent presiding director Mark Garrett were to explore those alternatives in a new Strategic Review Committee. According to a Bloomberg article, both the CDR/PPG bid and the Koch/Platinum equity offers are still active but the bids are coming in at $30-$32 only. rumors of a buyout, pay attention!!!!! And that could mean another payday for Warren Buffett. MFS INSTITUTIONAL ADVISORS, INC. bought a fresh place in PPG Industries Inc. (NYSE:PPG). Sep 22, 2019 #3 Just what we need, one big Paint Company that will own everything and jack up prices even more. Continue to use this site we will assume that you are happy with it if you continue use., Dubilier & Rice to acquire Warren Buffett-backed Axalta 2020-12-25 20:47:54 UTC we created the 2019 Trends! We give you the best experience on our website Axalta Closes on UAE Powder coatings manufacturer. ) End! 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