Axalta acquires The CoverFlexx Group, a Transtar subsidiary specializing in automotive refinish and aftermarket coatings, for $295M.

Transtar Holding Company announces Axalta's definitive agreement to acquire The CoverFlexx Group for $285M in cash, plus a potential $10M earnout. CoverFlexx, a subsidiary of Transtar, specializes in automotive refinish and aftermarket coatings with brands like Transtar Autobody Technologies, Pro Form, and Aftermkt Armor. The acquisition aligns with Axalta's ongoing investment in the Refinish business.