Allnex and Nuplex are Now Officially Combined

 

Brussels, Belgium / September 14 2016 – Allnex, a leading international supplier of resins backed by investor Advent International, today announced that Nuplex Industries, a global manufacturer of resins, and Allnex have now been brought together to form one company. The group, present on four continents and serving customers in over 100 countries, becomes the leading industrial coating resins company globally.


The company will operate under the name of Allnex and is today launching a new logo that is a symbolic representation of the combined strengths of Nuplex and Allnex. It will now draw on the expertise and scope of both Nuplex and Allnex, two companies that both have a history of commitment to innovation and engagement with customers, as well as complementary geographical footprints. They also share similar corporate values and a global outlook.


Miguel Mantas, the new CEO of Allnex, commented, ‘I am delighted that this business combination has taken place. With our comprehensive, state-of-the-art technology portfolio, our ability to provide clients with the right chemistry for their products is even more extensive than before. I am also looking forward to moving our corporate headquarters to Frankfurt. 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 the company. Frankfurt offers excellent flight, rail and car connections. The city is located in the heart of Europe and Germany, the largest European economy and a key market for the company and for the coatings industry in general.’


The Chairman of the Allnex Advisory Committee, Rich Alexander, said, ‘I am particularly enthusiastic about the modernized branding and new logo of our company. It unites the visual identities of both companies and embodies our commitment to taking the best elements from both Allnex and Nuplex.’


Ron Ayles, a Managing Partner at Advent International and head of the firm’s global chemicals practice, said, ‘the combined company will be a strong global leader in industrial coating resins, with over 30 manufacturing sites and about two dozen research and technology support facilities. This puts us in an excellent position to consolidate current markets and develop new ones.’

 

About Allnex
Allnex, formerly Cytec Industries' Coating Resins business and acquired by Advent in 2013, is a leading global producer 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 and additives, radiation cured and powder coating resins & additives and cross linkers for use on wood, metal, plastic, and other surfaces.

 

About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity firms and a leading investor in the global Chemicals industry. Advent's investment philosophy is centred on supporting leading management teams and providing resources for further growth in order to execute on a mutually developed strategy and investment case. To date, Advent has raised cumulative capital of US$53 billion and has executed over 310 transactions including over 30 investments in the Chemicals industry. Advent has a strong track record of making significant and successful investments, with recent chemicals transactions including Allnex (formerly Cytec Industries' Coating Resins business), Oxea, Maxam, Viakem and Grupo Transmerquim. Advent also has extensive experience in conducting Public-to-Private transactions, with recent examples including Douglas, Mediq and Unit 4.

 

Specialty Chemical Distribution in North America Market Update

 

This document was published by the Boston Consulting Group in March 2016 and written by Andrew Taylor, Udo Jung, Adam Rothman, and Christopher Moxon.

 

Click the button to download the entire report. 

At A Glance

The specialty chemical market in North America is growing faster than the overall chemical market in the region, and third-party distribution is growing faster still. These disparities are likely to widen over the next decade. Suppliers and distributors can take specific measures to capitalize on this shift.

Three Strategic Priorities for Suppliers
Suppliers should define a business case that is aligned with their go-to-market sales strategies, systematically choose distributors, and actively govern their relationships with distributors over time. 


Four Strategic Priorities for Distributors

Distributors should invest in technical capabilities that can help them offer value-added services, improve the effectiveness of their sales force, strategically acquire companies, and manage their brands through waves of consolidation.


Distributors are Making Transatlantic Deals

Some distributors are now merging to create larger companies with established businesses in both the US and Europe. The growth of these companies with likely outpace industry averages. 

 


About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global lead management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 85 offices in 48 countries.  

 

President Obama Signs TSCA Reform Legislation

From NACD ChemBytes:

(June 22, 2016)  President Obama signed H.R. 2576, the Frank R. Lautenberg Chemical Safety for the 21st Century Act that reforms the 40-year-old Toxic Substances Control Act (TSCA). The reform bill, which overhauls our nation's chemical management system, was passed earlier this year by both the U.S. House of Representatives and the U.S. Senate with overwhelmingly bipartisan support. NACD will be providing a short summary and transition document for members soon to help them prepare for the near term implementation items. The association thanks all those involved over the years in making this important legislative victory possible.

 

Video courtesy of C-SPAN

 

Chemical Distributors Descend on Capitol Hill to Urge Regulatory Certainty for U.S. Businesses

(ARLINGTON, VA) Members of the National Association of Chemical Distributors (NACD) are headed to Capitol Hill on May 17 to encourage Congress to reform the regulatory process and provide chemical distributors and other U.S. businesses the regulatory certainty needed to continue as economic engines and job creators. They will also highlight a glitch in the 2016 appropriations bill that could revert the 34-hour restart provision for truckers to rules used more than a decade ago, significantly impacting U.S. commerce.


“NACD members represent businesses of all sizes in all 50 states delivering the chemicals that are the building blocks of our modern world, generating roughly $30 billion in economic output,” said NACD President Eric R. Byer. “The opportunity for our member companies to personally discuss the issues that impact them with their members of Congress is essential.”


During the 2016 Washington Fly-In, more than 90 members will meet with numerous congressional offices as well as with officials from the U.S. Customs and Border Protection, the Federal Motor Carrier Safety Administration, and the Office of U.S. Trade Representatives. Attendees will also encourage more members of the U.S. House of Representatives to join the Congressional Chemistry Caucus recently established by Reps. John Moolenaar (R-MI) and Dan Lipinski (D-IL).


This year, NACD celebrates the 25th anniversary of Responsible Distribution, a mandatory, third-party-verified program that establishes a proven framework for the health, safety, environment and security aspects of chemical distribution. As the association celebrates this important milestone, member companies will also convey to their lawmakers the positive impact this program has made over the last quarter-century to keep their employees and surrounding communities safe.


“Our members have proven that they are responsible partners to their suppliers, customers and communities through their participation in Responsible Distribution,” said Byer. “Now, we need to ensure that stakeholders have the ability to provide input on changes to longstanding regulations, and that regulatory actions serve to foster growth and allow businesses to continue providing good paying, locally-focused jobs.”

 

View the original press release here: http://www.nacd.com/media/news/press-release-archive-listing/pr-051716a/