News

2023 AMN Year in Review Coming This Week 🔥

Our 2023 Year in Review series drops tomorrow. Don't miss it!

Published: December 11, 2023

It’s back! As we are gearing up for holiday season and 2024 on the horizon, it’s a great time to look back on the year and see which headlines made waves in the automotive aftermarket this year with you–our readers!

Join us starting tomorrow as we count down this year’s biggest stories in automotive aftermarket manufacturing, distribution and personnel changes in our 2023 Year in Review Series, presented by Goodyear Belts.

In addition, tune in Friday to see who in the aftermarket made it to our Top 10 Newsmakers list this year.

Be sure to subscribe to our YouTube channel to be alerted when new videos drop!

Transtar Announces Agreement for Axalta to Acquire The CoverFlexx Group

Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.

By Mary DellaValle

Published: May 13, 2024

Transtar Holding Company announced that global coatings company Axalta Coating Systems has signed a definitive agreement to acquire its subsidiary The CoverFlexx Group. The transaction is anticipated to close in the third quarter, pending regulatory approval and customary closing conditions, Transtar Holding Company said.

The strategic move allows Transtar Holding Company to focus exclusively on the growth of NexaMotion Group, a portfolio of technology-driven automotive aftermarket businesses that offer a complete suite of mechanical auto repair products and industry-leading e-commerce solutions, the company said.