Axalta completed the acquisition of The CoverFlexx Group from Transtar for $295m.

Axalta, a prominent global coatings company, completed the acquisition of The CoverFlexx Group, a provider of automotive refinish and aftermarket applications, from Transtar, a provider of automotive aftermarket solutions, for $295m. “The acquisition of The CoverFlexx Group further solidifies our excellent offerings in Refinish coatings. As outlined at our recent Strategy Day, investing in growth in our Refinish business is a key priority of Axalta, and this acquisition advances that priority," Chris Villavarayan, Axalta Chief Executive Officer and President.