Log into your account. Axalta Coating Systems Ltd. surged the most in more than a year as the frequent takeover target backed by Warren Buffett’s Berkshire Hathaway Inc. … Welcome! Hahn was replaced with the company’s chief financial officer, Robert Bryant. Recover your password 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. Reporting by Greg Roumeliotis in New York; Additional reporting by Joshua Franklin in New York; Editing by Lisa Shumaker. See here for a complete list of exchanges and delays. Home; News; investment; NY-based private equity company, Clayton, Dubilier & Rice, dubbed CD&R in short, had been in an advanced stage talk to partner up with US-based paint maker PPG Industries Inc., in a bid to make an acquisition offer for a US coating company, Axalta Coating System, largest stakeholder of which happened to be Warren Buffet-owned Berkshire Hathaway Inc., … All quotes delayed a minimum of 15 minutes. Downtown-based PPG was mentioned in July as a possible bidder for Axalta after the company announced it would review strategic alternatives including a sale. Dutch paintmaker Akzo Nobel NV is considering a merger of equals with U.S. rival Axalta Coating Systems Ltd., a deal that would combine two companies with a market value of about $30 billion. Axalta, a former division of DuPont, said its board had formed a strategic review committee to be chaired by the independent presiding director Mark Garrett, and include Bryant and independent director Samuel Smolik. (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 was formed as a leveraged buyout of DuPont's Performance Coatings business by an affiliate of Carlyle Group in 2013, became a public company through an initial public offering in 2014, and Carlyle exited by selling its remaining shares in 2016. (Reuters) - Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, said on Wednesday … Axalta, which has headquarters in Philadelphia, is the world’s largest maker of auto refinish paints, with a … Berkshire Hathaway had a 10.4% stake in Axalta as of the end of June. Axalta Coating Systems Ltd. is one of the world's leading coatings companies. Axalta, a global supplier of liquid and powder coatings, announced that it has completed the acquisition of Capital Paints, a UAE-based thermosetting powder coatings manufacturer. What is the vacation policy like at Axalta Coating Systems? Other private equity firms are also interested in Axalta, which has a market capitalization of $7.3 billion and long-term debt of close to $4 billion, three sources said. Shares of Axalta Coating Systems Ltd (NYSE: AXTA) plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Our Standards: The Thomson Reuters Trust Principles. Its corporate headquarters is located in Philadelphia, PA that develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications. Axalta is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. The Philadelphia-based company also said it has hired Evercore and Barclays as financial advisers to assist in the review. (Reuters) - Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, said on Wednesday it had formed a board committee to explore a sale of the company. Select a brand to browse the product catalog, or sign in if you are a registered distributor. (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. (This version of the June 19 story corrects to show investigation was by external counsel in paragraph 5). PPG is in talks with buyout firm Clayton, Dubilier & Rice LLC to bid on Axalta Coating Systems Inc., Reuters reported, citing people familiar with the matter.. Axalta (NYSE:AXTA), a … Shares of Axalta Coating Systems Ltd plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. 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. Global venture capital investment remains strong despite dealmaking numbers dropping for the sixth consecutive quarter, new research shows, with a trio of $1bn-plus deals from across the globe helping buoy the industry's figures. See here for a complete list of exchanges and delays. Hahn was replaced with the company’s chief financial officer, Robert Bryant. Joseph N. DiStefano Shares of Axalta Coatings Systems Ltd., the Philadelphia-based auto-paints and powder-coatings maker, rose as much as 15 percent in trading Wednesday after the company revived expectations it will be sold. The bid would come three months after Axalta said it would explore a sale. It reported $4.64 billion in … Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise … Good pay, great benefits, excellent teamwork, wonderful schedule. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. PPG is currently on an acquisition spree, snapping up smaller coatings companies, while paints maker Akzo Nobel last year decided to focus on its core business by selling its specialty chemicals division Nouryon to buyout firm Carlyle Group LP and Singaporean wealth fund GIC. Bieligk is a Principal at Carlyle focused on buyout opportunities in the industrial and transportation sectors. EXCLUSIVE-Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta -sources | Financial News Get the latest Axalta Coating Systems Ltd. (AXTA) stock news and headlines to help you in your trading and investing decisions. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. 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… 3 people answered. About Axalta . Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources Performance that inspires our focus on our customers, drives our constant innovation, feeds our passion for results, and permeates everything we do, every day, in every country in which we operate. © 2020 axalta Inc. All rights reserved. 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. It recently traded at $29.30. Shares of Axalta Coating Systems Ltd plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Buyout firm Platinum Equity LLC, for example, has been in talks about partnering with Koch Industries Inc on a bid for Axalta, one of the sources said, cautioning that it is possible such a bid does not materialize. An activist hedge fund, Jana Partners LLC, is also an Axalta shareholder, with a 2.5% stake as of the end of June, according to regulatory filings. Axalta Coating Systems is a global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. Is it a couple days on couple days off o… 3 people answered. Carlyle, which also owns the Axalta Coating Systems brand, is a global alternative asset manager that is well positioned in Asia, Europe and the United States through its significant range of investments, and is one of the most experienced private equity investors in the global chemicals industry. The Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and coatings maker. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Mr. Wesley T. Bieligk serves as Independent Director of Axalta Coating Systems LtdMr. It would allow PPG to overcome potential antitrust hurdles it would face were it to buy the entirety of Axalta, and only take on businesses it deems complementary. Shares were down 16.2% at … Axalta, PPG, CD&R and Platinum Equity declined to comment. Axalta Coating Systems is exploring options, including an outright sale of the business, less than 19 months after talks to sell itself to Japanese rival Nippon Paint fell apart. The work itself is hot and somewhat messy, but it's not fast pace all the time and with two 1 hour long breaks per 12 hour shift, there is … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Diese Seite erfordert Javascript, um angezeigt zu werden. The Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and coatings maker. Could you explain the 7 days a week rotating 12 hour shift. Our Standards: The Thomson Reuters Trust Principles. From the top all the way down this is a top notch place to work. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. There is no certainty of any deal, Axalta cautioned. Axalta also got new management in December, after an investigation of previous Chief Executive Officer Terrence Hahn’s conduct by external counsel that Axalta characterized as “inconsistent with the company’s policies.” Axalta never disclosed the investigation’s findings. Shares were down 16.2% at … Axalta Coating Systems UK Limited . It recently traded at $29.30. They provide a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. Additional reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber and Jonathan Oatis. Axalta is the fifth largest name in the $130bn global paints and coatings market. What advice would you give the CEO of Axalta Coating Systems about how to improve it? 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