Axalta Coating Systems Ltd.

Company overview

• Axalta Coating Systems Ltd. is a Bermuda exempted holding company and a global manufacturer, marketer, and distributor of high-performance coatings systems and products with a heritage of over 150 years in the coatings industry.
• The company operates two segments: Performance Coatings and Mobility Coatings, serving four end-markets across more than 140 countries.
• Mobility Coatings supports over 200 assembly plants worldwide, including nine of the top ten global automotive manufacturers. The Refinish end-market reaches approximately 96,000 body shops.

Segments and markets

• Performance Coatings: serves Refinish and Industrial end-markets.
• Mobility Coatings: serves Light Vehicle and Commercial Vehicle end-markets.
• Geographic mix: operates across four regions, with about 69% of 2025 net sales outside the United States.

Products, brands and technologies

• Performance Coatings major brands: Cromax, Standox, Spies Hecker, Syrox, Raptor, and others.
• Industrial brands include: Imron, Tufcote, Corlar, Strenex, PercoTop, Voltatex, AquaEC, Durapon70, Ceranamel, UNRIVALED, Zenamel, Cerulean, and more for liquid and powder coatings.
• Mobility Coatings core products: basecoats, primers, electrocoats and clearcoats (examples: AquaEC electrocoat, HyperDur primer, ChromaDyne basecoat, Lumeera clearcoat).
• Mobility technologies for efficiency and electrification include 3-Wet, Eco-Concept, and 2-Wet Monocoat.
• Mobility brands include Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, AquaEC, and related lines.

Color and application technology

• Color matching: Axalta-specific formulations that enable thousands of color variations.
• Tools and platforms: Axalta Irus Scan (hand-held spectrophotometer), ColorNet database, VINdicator database, color decks, Axalta Irus Mix automated mixing machine, and Axalta Nimbus global customer experience platform.
• Database depth: ability to match approximately 230,000 color variations from a database of over four million formulations.

Global support and distribution

• Refinish sales force serves around 96,000 body shops.
• Distribution network includes over 5,000 independent distributors and some company-owned stores in selected regions.
• The company provides on-site OEM support and local manufacturing to support just-in-time delivery and technical service.

Customers and concentration

• Mobility Coatings: serves over 200 assembly plants worldwide, including nine of the top ten global automotive manufacturers. Top ten customers accounted for about 61% of Mobility Coatings net sales in 2025.
• Performance Coatings: serves customers in more than 140 countries. Top ten customers accounted for about 17% of Performance Coatings net sales in 2025.
• Sales are delivered through a mix of distributors, direct sales, company-owned stores in some regions, and third-party delivery services where applicable.

People and operations

• Employees: approximately 12,300 team members as of December 31, 2025; about 25% in the United States and 75% internationally.
• Workforce geography: roughly 45% in the Americas, 36% in Europe, Middle East and Africa (EMEA), and 19% in Asia Pacific.
• Safety: 2025 OSHA Total Recordable Incident Rate (TRIR) of 0.18; recognized by the National Safety Council for safety leadership.
• R&D and technology: about 1,300 employees dedicated to technology development as of December 31, 2025; four major technology centers worldwide and 20+ development labs. The Global Innovation Center in Philadelphia has been the global HQ since 2024.

Intellectual property

• Patents and trademarks: about 610 issued patents and roughly 520 trademarks as of December 31, 2025, with around 240 patent applications pending worldwide.
• The company owns or licenses a broad portfolio of trademarks and brand names, including Abcite, Alesta, AquaEC, Axalta Irus Mix, ColorNet, Cromax, Imron, Nimbus, and others.

Joint ventures and consolidation

• As of December 31, 2025, Axalta was party to six joint ventures, with majority control in four consolidated ventures.
• Fully consolidated JV-related net sales: $63 million in 2025, and $62 million in both 2024 and 2023.

Proposed merger with Akzo Nobel N.V.

• In November 2025, Axalta entered into a Merger Agreement with Akzo Nobel N.V. for an all-stock merger.
• Merger consideration: 0.6539 ordinary shares of the Combined Company for each Axalta share; post-closing pro forma ownership for Axalta shareholders would be approximately 45%.
• The transaction is subject to customary closing conditions, regulatory approvals, and integration risks, and may impose restrictions on certain actions during the pendency and influence share price and future operations.