BRIEF-Axalta to Acquire The CoverFlexx Group

Reuters05-13

May 13 (Reuters) - Axalta Coating Systems Ltd :

* AXALTA TO ACQUIRE THE COVERFLEXX GROUP, A LEADING AFTERMARKET COATINGS BUSINESS FOCUSED ON ECONOMY CUSTOMERS IN NORTH AMERICA

* AXALTA TO ACQUIRE COVERFLEXX GROUP FOR $285M

* AXALTA COATING SYSTEMS LTD - ADDITIONAL $10M EARNOUT BASED ON 2024 PERFORMANCE

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