M&A Deal Summary

Axalta Acquires Andre Koch

On November 28, 2023, Axalta acquired chemicals company Andre Koch

Acquisition Highlights
  • This is Axalta’s 12th transaction in the Chemicals sector.
  • This is Axalta’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2023-11-28
Target Andre Koch
Sector Chemicals
Buyer(s) Axalta
Deal Type Add-on Acquisition
Advisor(s) Wineus (Financial)

Target

Andre Koch

Urdorf, Switzerland
Andre Koch is a full-service provider and competence center of car refinish paints, products, services, and education offerings. Andre Koch is based in Urdorf, Switzerland.

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Buyer(S) 1

Buyer

Axalta

Philadelphia, Pennsylvania, United States

Category Company
Founded 1866
Sector Chemicals
Employees12,600
Revenue 5.3B USD (2024)
DESCRIPTION
Axalta's corporate headquarters in downtown Philadelphia.
Axalta's corporate headquarters in downtown Philadelphia.

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. Axalta comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 14 of 15
Sector: Chemicals M&A 12 of 13
Type: Add-on Acquisition M&A Deals 11 of 11
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 U-POL

London, United Kingdom

U-POL is a manufactures and markets refinish products (primarily body fillers, coatings and aerosols), for the global automotive aftermarket. U-POL was founded in 1949 and is based in London, United Kingdom.

Buy $590M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 CoverFlexx

Brighton, Michigan, United States

CoverFlexx manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America. The business offers a wide range of primers, basecoats, and clearcoats, as well as aerosols, fillers, bed liners, detailing products, and paint shop accessories. CoverFlexx is based in Brighton, Michigan.

Buy $285M