PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


Axalta Considering Public Offering

Friday, August 29, 2014

More items for Coating Materials

Comment | More

Axalta Coating Systems Ltd. (formerly DuPont Performance Coatings) has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common shares.

Axalta is a leading global manufacturer, marketer and distributor of high-performance coatings systems. DuPont announced the $4.9 billion sale of the division in 2012. The Wilmington, DE-based company became Axalta in 2013 and now operates in 130 countries.

AxaltaCoatings
Photos: Axalta Coating Systems

Axalta Coating is one of the world's largest producer of automotive coatings.

Axalta is one of the world's largest producers of automotive coatings and also produces liquid and powder OEM, industrial, architectural and decorative coatings. The company also includes the former DuPont Industrial Coatings, DuPont Aviation Finishes, DuPont Commercial Finishes, DuPont Refinish, Standox, Spies Hecker, and Nason Finishes.

IPO Announcement

The securities to be offered in the proposed initial public offering may include shares to be issued and sold by Axalta as well as shares to be sold by certain current shareholders of Axalta, the company said in an IPO announcement.

Axalta intends to use any net proceeds from the offering, plus cash on hand, for the repayment of indebtedness and to pay related fees and expenses.

Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the proposed initial public offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley.

Prospectus Contacts

When available, copies of the preliminary prospectus relating to the proposed initial public offering may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or telephone: (800) 831-9146; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com; Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or email: prospectus.CPDG@db.com; and J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717 or telephone: (866) 803-9204.

AxaltaCoatings

Axalta Coating's vast global portfolio includes high-performance architectural.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective, the company said.

Axalta notes that its securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

The company also notes that its announcement does "not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction."

 

   

Tagged categories: Architectural coatings; Automotive coatings; Axalta; Business matters; Coating Business; Coatings manufacturers; DuPont

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Carboline Company
 
Carboline is pouring with opportunities
 
We are proud of our exceptional products and services, and believe that people are our greatest asset. Come grow with us!
 

 
Sherwin-Williams
 
Sherwin-Williams General Polymers Resinous Flooring App
 
Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!
 

 
Strategic Materials Inc.
 
Crushed Glass Abrasives
 
TruAbrasives™, a clean crushed glass abrasive superior to other abrasives for performance, health, and environmental benefits.
 

 
Tnemec Company, Inc.
 
Online Coating Courses from Tnemec
 
For decades, Tnemec has offered its expertise to clients presenting face-to-face coatings courses. Now, these presentations are available to anyone for CEUs at Tnemec University.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
Aggreko
 
Dehumidification, Power and Temperature Control Rentals
 
Aggreko offers rental solutions for your painting/coating project. Dehumidifiers, cooling, heating, power and 24/7 service, nationwide.
844-433-9802
 

 
NLB Corporation
 
NLB Sure Shroud: Greater Protection and Flexibility
 
NLB’s Sure Shroud’s lighter weight and flexibility reduces operator fatigue and offers unmatched protection against high pressure hose ruptures. 10k to 40k psi rated.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us