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Allnex
From Wikipedia, the free encyclopedia
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Allnex (branded as allnex) is a German multinational company that produces industrial coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks.[1]
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 manufacturer of resins, were merged to form one company, which has its headquarters 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 and 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]
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History
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 headquarters in Frankfurt am Main.[9]
July 2021: Allnex was acquired by PTT Global Chemical, a multinational chemical company based in Thailand.
August 2022: Allnex launch their range of premium sustainability products under the brand ECOWISE™ CHOICE.[10]
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References
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