Abstract
Making resins for industrial coatings is a generally sleepy business, but two large acquisitions are livening the field up. PTT Global Chemical has agreed to purchase the industrial coating resin producer Allnex from the private equity firm Advent International for $4.8 billion. And the private equity firm Lone Star Funds will buy the resin producer AOC from fellow private equity firm CVC Capital Partners and minority owner DSM. Based in Frankfurt, Germany, Allnex has annual sales of about $2.4 billion, as well as 4,000 employees, 33 manufacturing sites, and 23 research and technology facilities. It makes a range of industrial coating polymers and additives, including powder resins, waterborne resins, energy-curable resins, cross-linking resins, and additives for use on substrates such as wood, metal, and plastic. PTT, a Thailand-based petrochemical maker, says it will invest in Allnex to develop novel resins, including those based on sustainable technologies. Under its new owners,
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
