Axalta acquires The CoverFlexx Group for $285M cash plus up to $10M earnout

Axalta Coating Systems Ltd.

Initial cash consideration $285M; additional $10M earnout based on 2024 performance; closing expected Q3 2024.
Target had $78M revenue (2023), 120+ employees, brands include Transtar, Pro Form, Aftermkt Armor.
Acquisition expands Axalta's Refinish business in North American economy segment.
Manufacturing sites in Brighton, Michigan and Milton, Ontario included.

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