© 2020 DRIVEN COMMUNICATIONS Inc. All Rights Reserved. One source told Reuters the two companies might form a consortium with Singapore wealth fund GIC and BlackRock. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. And that could mean another payday for Warren Buffett. By. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. 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. Axalta has a market value of 8 billion dollars. rumors of a buyout, pay attention!!!!! Automotive refinishing is Axalta’s most important business unit, and it called itself No. 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. A behind-the-scenes look at how we created the 2019 Color Trends. Reactions: Barry. 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. Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 Pinterest. Axalta is the 17th-largest public company in Greater Philadelphia, according to Philadelphia Business Journal research. 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. Every single day at PPG, we innovate, create, and provide sustainable solutions that make a difference to our company, customers, shareholders, and our communities. AkzoNobel and Axalta previously considered merging, but this is the most concrete that these plans ever were. Monday it would buy a United Arab Emirates architectural coatings powder manufacturer, “merger of equals” talks with Dutch paint firm AkzoNobel. (Special thanks to Seeking Alpha, whose transcript of that call helped us quickly confirm what was said and check quotes. (John Huetter/Repairer Driven News). ), Shaver said then that since the AkzoNobel deal would have been a merger, it led to “governance and valuation issues” where ultimately “we just reached a point where we just couldn’t quite get there.” He said the AkzoNobel transaction would have led to great synergy and had a “great industrial logic for it.”. Axalta has a phenomenal Cash Return on Equity; nevertheless, with debt factored in, its CROTC is just 10.4%. As you were browsing www.streetinsider.com something about your browser made us think you were a bot. Axalta is big in automotive coatings and competes with PPG in this area, while Akzo has more focus on interior coatings. Melanie Gerald - October 22, 2020. 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. Reply. After completing the CAPTCHA below, you will immediately regain access to www.streetinsider.com. If you continue to use this site we will assume that you are happy with it. The fund's new buys during the third quarter included Encompass Health (EHC), New Relic (NEWR), and Ticari Araç Tamir Ürünleri. Chesterton Company, KC Jones Plating Company, OM Sangyo. PPG, BASF, Axalta, Akzonobel, Sherwin Williams, Kansai, Solvay, Valspar, Covestro, 3M, DOW Chemical, KCC, Nippon Paint. Axalta Draws Interest From Kansai Paint and PPG - Bloomberg. Contact. For decades, PPG’s research and development experts have created coatings that have made products better across nearly every industry, from food and beverage, to cosmetics and personal care, to paints and chemicals. Axalta could still decide not to sell itself and remain independent. 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. Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. While big deals, or rumors of big deals, have received attention, it's possible to argue that Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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).. Major Logical Reasons Behind PPG Industries Inc. (PPG), Axalta Coating Systems Ltd. (AXTA) Growth. Axalta’s vehicles coating business would fill a gap in AkzoNobels’s portfolio. Axalta is big in automotive coatings and competes with PPG in this area, while Akzo has more focus on interior coatings. (John Huetter/Repairer Driven News), The PPG booth at SEMA 2018 is shown. To use this site we will assume that you are interested in www.streetinsider.com content, APIs available! 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 UTC! Salaries and reviews are posted by employees working at PPG vs. Axalta fourth-quarter and earnings. 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