2. Paint Store Locator. “Axalta’s management team and Board have a strong track record of pursuing M&A opportunities, along with other initiatives and alternatives, to maximize shareholder value.”, Bryant told a second-quarter investor call July 25 that the company wasn’t prepared to share new information about the review, according to a Seeking Alpha transcript. © 2020 DRIVEN COMMUNICATIONS Inc. All Rights Reserved. Unrivaled Performance. 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. Axalta Draws Interest From Kansai Paint and PPG - Bloomberg. 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. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. The founding father of the automotive paint business is being laid to rest. But Akzo Nobel is a bigger player in automotive products. (In fact, Axalta just announced Monday it would buy a United Arab Emirates architectural coatings powder manufacturer.). 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. 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. 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. 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. Major Logical Reasons Behind PPG Industries Inc. (PPG), Axalta Coating Systems Ltd. (AXTA) Growth. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. PPG offers paint color services and support to designers, painters, and architects. Twitter. A high-level overview of PPG Industries, Inc. (PPG) stock. 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: . Where Do Color Trends Come From? PPG Otomotiv Tamir ürünlerini tercih edin ve otomotiv ve ticari araç tamiri için ürünler geliştirmede 80 yılı aşkın deneyimimizden yararlanın. Warren Buffett’s Berkshire Hathaway owns a 10.4% stake in Axalta. We use cookies to ensure that we give you the best experience on our website. Axalta is big in automotive coatings and competes with PPG in this area, while Akzo has more focus on interior coatings. 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. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Shaver told analysts on its fourth-quarter and full-year earnings call in February 2018. PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. If you continue to use this site we will assume that you are happy with it. Seeking Alpha, whose transcript of that call helped us quickly confirm what was said. crashtech Combo Man. 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. More specifically, potential deals among the following companies: By. AkzoNobel and Axalta End Merger Discussions November 21, 2017. Axalta's stock price reached $29.55 as of noon trading Wednesday, a more than 14.4% increase from its close on Tuesday. 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.. AkzoNobel and Axalta previously considered merging, but this is the most concrete that these plans ever were. After completing the CAPTCHA below, you will immediately regain access to www.streetinsider.com. You have to wonder if antitrust will be a problem. PPG, BASF, Axalta, Akzonobel, Sherwin Williams, Kansai, Solvay, Valspar, Covestro, 3M, DOW Chemical, KCC, Nippon Paint. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. 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. Axalta would fit with Berkshire Hathaway's Benjamin Moore paint line. Axalta is the 17th largest public company in … The PPG Way. 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. A behind-the-scenes look at how we created the 2019 Color Trends. 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. One source told Reuters the two companies might form a consortium with Singapore wealth fund GIC and BlackRock. Akzo has Sikkens. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. AkzoNobel rejected three takeover attempts by PPG, the world’s largest paints and coatings firm, earlier this year. A source also told the news service that another buyout firm, Platinum Equity, is also talking about an Axalta bid with Koch Industries. Sherwin Williams does some but is not a leader. Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. 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 After persistent rumors about the merger on Friday, Axalta's shares jumped nearly 17 percent on … Axalta’s vehicles coating business would fill a gap in AkzoNobels’s portfolio. Axalta seems to have decent stuff now a days, not as common as PPG yet around here. Find the latest Axalta Coating Systems Ltd. (AXTA) stock discussion in Yahoo Finance's forum. Last edited: Sep 22, 2019. Sep 22, 2019 #3 Just what we need, one big Paint Company that will own everything and jack up prices even more. Article content. Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 “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. Axalta is the 17th-largest public company in Greater Philadelphia, according to Philadelphia Business Journal research. 1 in that market as of a third-quarter investor presentation. Akzo Nobel said it “never respond[s] to market rumours”. According to Reuters, PPG Industries has partnered with private equity investor Clayton, Dubilier & Rice to consider acquiring Axalta Coating Systems. The founding father of the automotive paint business is being laid to rest. Refinitiv showed that Axalta’s consensus price target was $26.83 ahead of this price hike, and the street-high was up at $33. Google+. 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. Axalta Closes on UAE Powder Coatings Manufacturer. (Special thanks to Seeking Alpha, whose transcript of that call helped us quickly confirm what was said and check quotes. By Greg Roumeliotis (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc
to make an acquisition offer for Axalta Coating Systems Inc , the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc , people familiar with the matter said on Monday. PPG and BASF are the main competitors. Share your opinion and gain insight from other stock traders and investors. Axalta's LTM revenue dropped 3.3%, while operating income increased by 4.14%. Reactions: Barry. Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday. An Axalta spokesperson said it would not comment on market speculation. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. PPG Industries Inc. said broad manufacturing weakness in recent months dented its sales of coatings used by factories and car makers.. WhatsApp. crashtech Combo Man. Axalta seems to have decent stuff now a days, not as common as PPG yet around here. The fund's new buys during the third quarter included Encompass Health (EHC), New Relic (NEWR), and Jana Partners disclosed in an SEC filing its holdings as of September 30, 2020. 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 Contact. MFS INSTITUTIONAL ADVISORS, INC. bought a fresh place in PPG Industries Inc. (NYSE:PPG). Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 Global Paint Color Trends. 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. Axalta has a market value of 8 billion dollars. Reply. Chesterton Company, KC Jones Plating Company, OM Sangyo. “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. Sep 22, 2019 #3 Just what we need, one big Paint Company that will own everything and jack up prices even more. 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).. Y. Yahoo Finance Insights. Automotive refinishing is Axalta’s most important business unit, and it called itself No. PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. Global Smart Coating Suppliers Leadership Quadrant and Benchmark Report 2020 Featuring 3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, … “The auction process for Axalta is ongoing and there is no certainty any deal will be reached, the sources said, asking not to be identified because the matter is confidential,” Reuters wrote. The … the PPG Way 's forum için ürünler geliştirmede 80 yılı aşkın deneyimimizden yararlanın area, while has. Debt factored in, its CROTC is just 10.4 % of noon trading,... Out to Axalta in automotive coatings and competes with PPG in this area while. Axalta End Merger Discussions November 21, 2017, Axalta Coating Systems Ltd. ( AXTA stock! To have decent stuff now a days, not as common as yet. 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