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allnex | |
Company type | GmbH |
Industry | Chemical |
Founded | 2013 |
Headquarters | , |
Area served | Worldwide |
Key people | Miguel Mantas (CEO), Duncan Taylor (CFO) |
Products | Coating resins, additives and crosslinkers |
Revenue | €2.1 billion [1] |
Owner | PTT Global Chemical |
Number of employees | 4,000 [1] |
Parent | Allnex Holdings S.à r.l. |
Website | allnex |
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]
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]