Axalta to acquire the coverflexx group, a leading aftermarket coatings business focused on economy customers in north america

Philadelphia, may 13, 2024 (globe newswire) -- axalta coating systems (nyse: axta), a leading global coatings company, today announced that it has entered into a definitive agreement to acquire the coverflexx group from transtar holding company for initial cash consideration of $285 million, plus an additional $10 million earnout based on the business's 2024 performance. closing is expected to occur in the third quarter and is subject to regulatory approval and other customary closing conditions.
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