EC grants clearance for Allnex-Nuplex business combination - Frankfurt to become new HQ
Sydney, Brussels, September 2, 2016 – Allnex, a leading international supplier of resins backed by investor Advent International, announced today that the European Commission has granted clearance for Allnex and Nuplex to combine their businesses. This is one of the final milestones in the process of creating what is intended to be the leading industrial coating resins company globally. Upon closing, the new headquarters of the combined company will be Frankfurt am Main in Germany, in a region with a long-standing tradition in the chemical industry. This heritage in combination with Frankfurt’s excellent infrastructure and logistical links make it an ideal location.
As was announced recently, Miguel Mantas, who joined Allnex as CEO at the beginning of 2016, will become the CEO of the new company.
The transaction is expected to be completed on September 13, 2016. The corporate identity of the new company will be announced on that day.
Read the full joint press release here