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Pro-Trader Daily: Featured Company News - Axalta Coating Systems to Acquire European and Chinese Operations of Wire Enamel Manufacturer IVA

Research Desk Line-up: Northern Technologies Intl. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 21, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Axalta Coating Systems Ltd (NYSE: AXTA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=AXTA. The Philadelphia based Company, which is a leading global supplier of liquid and powder coatings, announced on July 19, 2017, that it has made a binding offer to acquire the European and Chinese operations of IVA from its parent company Superior Essex. IVA is one of the leading wire enamel manufacturers of the world. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Specialty Chemicals industry. Pro-TD has currently selected Northern Technologies International Corporation (NASDAQ: NTIC) for due-diligence and potential coverage as the Company reported on July 13, 2017, its financial results for Q3 FY17. Tune into our site to register for a free membership, and be among the early birds that get our report on Northern Technologies Intl. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AXTA; also brushing on NTIC. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/'symbol=AXTA

http://protraderdaily.com/optin/'symbol=NTIC

About IVA

IVA has been in operation since the late 1930's. The Company develops and produces the latest innovations in wire enamels used to insulate electrical equipment and components. IVA is well known for its broad portfolio of high performance, high-quality wire enamels including top coats and self-bonding products.

Offering Customers Enhanced Insulating Enamel Solutions

Michael Glomp, Axalta's Global Vice President of Energy Solutions, stated:

"We look forward to welcoming IVA into Axalta. IVA's single-minded focus on continuous innovation, quality, and customer fulfillment is well aligned with Axalta's values, and we look forward to offering our customers enhanced insulating enamel solutions at the cutting edge of magnet and electrical wiring technology."

Commenting on the development, Brian Kim, Chief Executive Officer of Superior Essex, commented:

"The sale of IVA France and IVA China will allow Superior Essex to focus on its core competencies, while creating an opportunity for IVA to further enhance its enamel solutions and offerings in partnership with Axalta. We are excited to see all that this partnership will bring to the marketplace."

Approvals from Concerned Authorities

The transaction is expected to be completed at the end of 2017 or early 2018 and is subject to approval by certain regulatory authorities, IVA's French employee works council and other customary closing conditions. Financial terms of the transaction remain undisclosed.

IVA's manufacturing sites in Meyzieu, France and Changzhou, China, which is operated through a joint venture with a local minority partner, will be a part of the transaction.

Other Acquisitions in 2017

On June 01, 2017, Axalta announced the acquisition of The Valspar Corporation (VAL)'s North American Industrial Wood Coatings business, one of the leading providers of coatings for OEMs and distributors engaged in industrial wood markets, for $420 million. Following the acquisition, the brands of VAL, including Zenith®, UltraguardTM, LifeshieldTM, and Color Choice, have become a part of Axalta's portfolio of Performance Coatings products and services.

Axalta acquired UK-based Spencer Coatings, a leading manufacturer of high-performance industrial coatings for heavy-duty equipment, general industrial, oil and gas, and glass coatings segments, on June 06, 2017. Spencer's line of industrial products joined Axalta's portfolio of Performance Coatings for industrial customers, enabling Axalta to serve existing customers in the UK and expand into new geographies.

About Axalta Coating Systems

Founded in 1866, Axalta Coating Systems is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful, and sustainable solutions. The Company has two business segments: performance coatings and transportation coatings. Axalta serves more than 100,000 customers in 130 countries every day with the finest coatings, application systems, and technology.

Last Close Stock Review

At the closing bell, on Thursday, July 20, 2017, Axalta Coating Systems' stock dropped 1.61%, ending the trading session at $33.00. A total volume of 1.50 million shares have exchanged hands. The Company's stock price surged 4.17% in the last three months, 15.38% in the past six months, and 16.86% in the previous twelve months. Moreover, the stock rallied 21.32% since the start of the year. The stock is trading at a PE ratio of 107.14 and currently, has a market cap of $7.92 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

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SOURCE: Pro-Trader Daily

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