Reported Earlier, Axalta To Divest North American Building Products Business To Meet Regulatory Requirements, With AkzoNobel Merger On Track To Close In Q1 2027

Team,

I want to share an important update on our proposed merger with AkzoNobel. As part of the regulatory approval process, Axalta is planning for the divestiture of its North American Building Products business. This expected divestiture is intended to address regulatory requirements and support completion of the merger, which remains on track to close in Q1 2027, subject to remaining regulatory approvals and other customary closing conditions.

Building Products is a strong business with talented people, established expertise and valued customer relationships. The expected divestiture is driven by merger regulatory requirements, rather than business performance. We expect a new owner to be well positioned to invest in and grow the business.

To our Building Products team: you have strengthened this business, and I want to recognize the contribution each of you continues to make. There are no immediate changes to your role, reporting relationship or day-to-day responsibilities as a result of this announcement. We remain focused on providing the high-quality products, service and support our customers have come to expect from us.

We will continue to communicate openly and share more information about future ownership as we are able to. In the meantime, your manager and HR remain available for questions.

Across Axalta, our priorities remain operating safely, serving customers and delivering our business commitments. Please continue to focus on your responsibilities and support our Building Products colleagues as the process moves forward.

Thank you for your commitment and your continued focus.

Chris