We begin this story with a reintroduction to a familiar favorite in the paint industry. The company we've known for decades as Dupont has now become Axalta Coating Systems. Don't fret Dupont fans; Axalta will now be focused as a stand- alone paint company that remains dedicated to Dupont's 90-year foundation in the coatings industry. As an independent company, Axalta Coating Systems serves more than 120,000 customers in 130 countries and provides customers with a full range of coating systems that take less paint to cover when compared to other product.
This was the first paint bash of the year and Axalta hosted it at the company's Pomona-based training center. They eagerly invited some of the industry's best to attend the event, which gave the attendees a chance to spray out the new candy line of CFX Candy and Hot Hues that covers in no more than three coats. During the exhibition, the single stage candy served as the foundation to most of the panels, which we are going to be featuring today.
Axalta Coating Systems will continue to do business as DuPont Performance Coatings for the next several months, until the new name is formally launched in the second quarter of 2013. For now, let's look at the results from the first paint jam of the year.