Industry News

European Commission Grants Clearance to Allnex and Nuplex Business Merger

Published on 2016-09-05. Author : SpecialChem

SYDNEY, BRUSSELS – Allnex has announced that the European Commission has granted clearance for Allnex and Nuplex to combine their businesses. This is one of the final milestones in the process of creating what is intended to be one of the leading industrial coating resins companies globally. Upon closing, the new headquarters of the combined company will be Frankfurt am Main in Germany, in a region with a long-standing tradition in the chemical industry. This heritage in combination with Frankfurt’s excellent infrastructure and logistical links make it an ideal location. Minister-President of the State of Hesse, Volker Bouffier, has welcomed the choice of Frankfurt.

Allnex Nuplex logo
European Commission Grants Clearance to Allnex and Nuplex Business Merger

Frankfurt to be the New HQ of Combined Company

“The decision to choose Frankfurt for the future company’s headquarters was taken with the intention of establishing a new location, symbolizing a fresh start for our new company. We look forward to a future of strength, growth and diversity,” said Rich Alexander, former Executive Vice President of PPG, who will act as Chairman of the new company’s Advisory Committee.

Providing High Quality Coating Resins to Customers

Miguel Mantas, who joined Allnex as CEO at the beginning of 2016, will become the CEO of the new company. He commented: “We will be stronger as one. Allnex and Nuplex share a commitment to high quality, innovation and responsiveness to the needs of customers in the coating resins sector. I am proud to be bringing our two companies together, and I am confident that our combined expertise will allow the new entity to move forward to great success.”

Nuplex and Allnex Serve a Wide Range of Coating End Markets Including:

  • Automotive OEM
  • Aerospace
  • Industrial
  • Protective
  • Marine 
  • Decorative paint

Ron Ayles, a Managing Partner at Advent International and head of the firm’s global chemicals practice, said, “There is a strong strategic logic for combining Allnex and Nuplex. The new company will be the leading global industrial coating resins producer. One of the most important results of this business combination will be that customers will have access to a wider global manufacturing network, and broader and more innovative product ranges based on state-of-the art technologies.”

he transaction is expected to be completed on September 13, 2016. The corporate identity of the new company will be announced on that day.

About Allnex

Allnex is one of the leading global producers of coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks. Allnex is recognized as a specialty chemicals pioneer and offers an extensive range of products including innovative liquid resins & additives, radiation cured and powder coating resins & additives and cross linkers for use on wood, metal, plastic, and other surfaces. Allnex has a strong global presence with 17 manufacturing sites and 12 research & technology support facilities throughout the world, focusing on assisting its approximately 3,000 customers to rapidly bring advanced coating solutions to market.

About Nuplex

Nuplex is one of the leading global manufacturers of resins used in paints, coatings and structural materials, with annual sales of approximately NZ$1.5 billion (c.US$1 billion). Listed on the NZX and the ASX, Nuplex is one of the global leaders in rheology control coatings technology, as well as performance and industrial coating resins, particularly for Automotive OEM, Vehicle Re-finish, Wood, and Protective coatings. From its 16 production sites located across Asia, Europe, America, Australia and New Zealand, Nuplex has customers in over 80 countries worldwide. Through its global R&D network of local technical service support, regional R&D centers and a dedicated Innovation Centre in the Netherlands, Nuplex works in partnership with its customers to develop the right solution for their coatings challenges. 

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Source: Allnex
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