Allnex has announced that Nuplex Industries and Allnex have formed one company. The new entity will operate under the Allnex name and has launched a new logo to represent the combined strengths of Nuplex and Allnex, the company stated. Nuplex and Allnex both have a history of commitment to innovation and engagement with customers, as well as complementary geographical footprints, according to the companies. They also share similar corporate values and a global outlook.
Corporate headquarters will be moved to Frankfurt, Germany. “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,” said Miguel Mantas, Allnex’s new CEO. “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 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,” said Ron Ayles, a managing partner at Allnex backer Advent International and head of the firm’s global chemicals practice. “This puts us in an excellent position to consolidate current markets and develop new ones.”