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NPCA and FSCT to begin merger discussions

Published on 2007-11-27. Author : SpecialChem

Washington, D.C. -- The National Paint and Coatings Association (NPCA) and the Federation of Societies for Coatings Technology (FSCT) have agreed to enter into merger discussions. FSCT representative Joe Brown presented a merger proposal to NPCA's Board of Directors immediately prior to NPCA's Annual Meeting and Industry Leadership Conference in Pittsburgh. The NPCA Board agreed to move forward with discussions in an effort to complete a merger over the next few months.

NPCA President Andy Doyle stated, "The Boards of both organizations have agreed to begin a merger process that could lead to a final proposal by March 2008. If we are able to complete the details of the merger and reach a final agreement, ICE will be cancelled and combined with the 2008 American Coatings Show. In the meantime, NPCA is moving ahead with the American Coatings Show and American Coatings Conference for June 2-5, 2008 in Charlotte. The ACS will take place regardless of the outcome of our discussions with the FSCT. The ACS will become the premier event for the coatings industry occurring every two years in the spring alternating with the European Coatings Show. In addition, we will continue to push ahead with the development of our new Science and Technology Initiative as our work in this area will undoubtedly help us build a more effective program with the FSCT."

Both organizations have agreed to the following action plan:

  • FSCT and will meet with NPCA by Dec. 31, 2007 to complete the details of the merger and to develop an implementation plan for its completion.
  • A plan to promote and explain the details of the merger will be developed by Jan. 31, 2008.
  • A final merger plan will be presented to the FSCT and NPCA by March 1, 2008, with approvals to be completed by April 1, 2008.

Earlier this year, FSCT rejected a merger proposal initiated by NPCA.

According to FSCT's Oct. 28 statement, "The FSCT believes that this merger of the FSCT and NPCA would result in the strengthening of both organization's programs and resources and provide the highest level of benefits and services to our members and the industry."

About NPCA

NPCA is a voluntary, nonprofit trade association representing some 300 paint and coatings manufacturers, raw materials suppliers and distributors. As the preeminent organization representing the paint and coatings industry in the United States, NPCA's primary role is to serve as ally and advocate on legislative, regulatory, and judicial issues at the federal, state and local levels.

Source: National Paint and Coatings Association (NPCA)


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