Allnex acquires Águia Química, one of Brazil’s largest manufacturers of resins
Brussels, January 6, 2015 – Allnex today confirms the acquisition of Águia Química, one of the largest manufacturers of alkyd and acrylic resins in Brazil. The addition of Águia Química’s employees together with further investments at the Ponta Grossa site further expands the products and technologies offered to customers of both companies in the region.
Founded in 1989, Águia Química is a Brazilian market leader in alkyd and acrylic resins for the production of paints, composites, adhesives and abrasives and in the distribution of solvents.
Commenting on the news, Frank Aranzana, CEO of Allnex said, “The acquisition of Águia Química, which is well established in the region, will enable us to complement our existing Liquid Resins and Additives and Crosslinkers businesses, and produce our products closer to our customers. We firmly believe that this acquisition will enable us to better serve our customers, not only in Brazil, but region wide.”
Águia Química employees will continue to focus on delivering their wide range of products and technologies, operating under the name “Allnex Brazil”.
Águia Química’s President (CEO) Mauricio Scheffer stated, “This is a positive move for Águia Química, with employees becoming part of a global firm, enabling the facility to extend our products and knowhow to even more customers, locally and throughout the region. Together, Allnex and Águia Química can become the leaders in the Latin American market.”
Allnex is committed to further investment at the Ponta Grossa site to create a manufacturing platform which will meet evolving market needs, while Águia Química’s award-winning dedication to quality will continue to be a priority for the future.
The acquisition agreement was closed last week, 29 December 2014.
About Águia Química
Founded in 1989 and located in Ponta Grossa/PR, Brazil, Águia Química produces synthetic resins for paints, sealants, adhesives, plastics and sandpapers, in addition to distribution of chemicals. Alkyd, acrylic, phenolic, melamine, polyurethane, polyester resins, resinate, pitch-derived resins, and modified oils are among the major products.
Customized assistance, international quality (ISO 9001 certified), highly qualified technical staff and environmental concern are some of the characteristics that distinguish Águia Química in the resin market.
A global company with $1.5 billion in sales, Allnex is a leading supplier of resins for architectural, industrial, OEM and special purpose coatings. We are recognized as a specialty chemicals pioneer and known for our professionalism and for offering the broadest portfolio of high quality, innovative liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces. With manufacturing facilities and research and technology support centers located throughout the world, we also provide responsive, local support to our customers, helping them to rapidly bring advanced coating solutions to the market.
Sinead Boyle, Communications Director, Allnex
+32 2 560 4630
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