allnex
Founded2013 (2013)
HeadquartersCorporate Center in Frankfurt am Main, Germany
Area served
Worldwide
Key people
Miguel Mantas (CEO)
Duncan Taylor (CFO)
ProductsCoating resins, additives and crosslinkers
Revenue€2.1 billion[1]
Number of employees
4,000[1]
Websiteallnex.com

Allnex (also written as allnex) is a global producer of industrial coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks.[1]

Background

Allnex was established in 2013 after Advent International acquired the Coating Resins Division as a divestiture from Cytec Industries.[2] In September 2016, Allnex and Nuplex Industries, a global manufacturer of resins, were merged to form one company, which has its corporate center in Frankfurt am Main, Germany.

Allnex has 33 manufacturing facilities, 23 research and technology support centers and 5 joint ventures spread across five continents: Asia, Europe, North and South America, and Oceania.[3]

The company has around 4,000 employees + is present in around 100 countries.[4] The operating Allnex group is owned by Allnex Holdings S.à r.l., a company based in Luxembourg.[5]

History

Allnex Americas headquarters in Alpharetta, Georgia

April 2013: Advent International acquired the Coating Resins division as a divestiture from Cytec Industries.

October 2013: Allnex acquired Desmolux® non-waterborne radiation curing resins from Bayer MaterialScience.[6]

February 2014: Allnex opened a technology center and Americas headquarters in Alpharetta, Georgia, USA.[7]

December 2014: Allnex acquired Águia Química, one of the largest manufacturers of alkyd and acrylic resins in Brazil, founded in 1989, and is located in Ponta Grossa, Brazil.[8]

September 2016: Allnex merged with Nuplex Industries, now operating under the name allnex with its corporate center in Frankfurt am Main.[9]

July 2021: Allnex was acquired by PTT Global Chemical, a multinational chemical company based in Thailand.

References

  1. 1 2 3 "Allnex Corporate Profile". Archived from the original on 2015-12-30. Retrieved 2016-01-05.
  2. ↑ Kaskey, Jack. “Cytec sells coating business to Advent for $1.03 billion”. Bloomberg.com, 9 Oct 2012.
  3. ↑ "Key Facts about us".
  4. ↑ Allnex – The Coating Resins Company – allnex
  5. ↑ Allnex – The Coating Resins Company – allnex
  6. ↑ “Allnex to acquire ‘Desmolux’ product range from Bayer MaterialScience”. European Coatings, 19 Jul 2013.
  7. ↑ “Allnex invests in its Americas business with creation of new regional headquarters” Archived 2016-03-05 at the Wayback Machine.
  8. ↑ Market, Jan. “Allnex acquires Águia Química, one of Brazil’s largest manufacturers of resins”. RadTech Europe, 8 Jan 2015
  9. ↑ "Closing completed: Allnex and Nuplex officially combined". allnex.com. Archived from the original on 2016-09-30. Retrieved 2016-09-30.
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