| 1 MINUTE READ

Axalta CEO Predicts Coatings Mergers

Former Axalta CEO Charlie Shaver says he expects several major takeovers and mergers in the global coatings industry over the next two years.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Former Axalta CEO Charlie Shaver says he expects several major takeovers and mergers in the global coatings industry over the next two years. Shaver made these comments, which can be read HERE, to consulting firm McKinsey. 

“My view is there will be one or two large consolidation steps in the next two years,” he says, “but I can’t tell you which they will be. And below the mega-deals, the leading players will continue to do three to five medium-size acquisitions each year.” 

Shaver believes Axalta is in great shape as one of the world’s largest coatings makers. “We aren’t in need of anything,” he says. “We’re the global market leader in refinish (coatings), we’re global No. 2 in powder coatings and in transportation coatings.”

Shaver left Axalta on August 20 to become CEO of the chemicals division of Dutch paint maker Akzo Nobel, which Akzo agreed to sell to buyout group Carlyle (CG.O) and Singapore sovereign wealth fund GIC.

RELATED CONTENT

  • Removing Cured Powder Coatings

    Question: What methods are available for removing cured powder coatings, and what are the pros and cons of these methods?

  • Masking for Surface Finishing

    Masking is employed in most any metal finishing operation where only a specifically defined area of the surface of a part must be exposed to a process. Conversely, masking may be employed on a surface where treatment is either not required or must be avoided. This article covers the many aspects of masking for metal finishing, including applications, methods and the various types of masking employed.

  • Curing Oven Basics

    Simply heating up the substrate does not cure the coating. There are many variables to consider when choosing the best cure oven for your application...