TAGS: Automotive Coatings
Axalta Coating Systems (Axalta) successfully completes the previously announced acquisition of CoverFlexx Group from Transtar Holding Company. The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications. The company focuses on economy customers in North America.
Strategic Step to Prioritize Refinish Coatings Business
The CoverFlexx Group offers a wide range of primers, basecoats and clearcoats. They also offer aerosols, fillers, bedliners, detailing products and paint shop accessories. Established brands include Transtar® Autobody Technologies, Pro-Form™ and Aftermkt Armor™ products. The CoverFlexx Group has manufacturing and product development sites in Brighton, Michigan and Milton, Ontario.
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The acquisition of The CoverFlexx Group further solidifies our excellent offerings in refinish coatings,” said Chris Villavarayan, Axalta’s chief executive officer and president. “
As outlined at our recent strategy day, investing in growth in our refinish business is a key priority of Axalta, and this acquisition advances that priority.”
Troy Weaver, Axalta’s president, Global Refinish, added, “
We are thrilled to officially welcome our new team members to Axalta. We will work to make the integration as smooth as possible, while continuing to deliver on our commitments. I look forward to all we can accomplish together to grow the refinish business.”
Source: Axalta