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Frankfurt as a Chemical Industry Location: The Nuplex-Allnex Merger 

Allnex, a leading producer of industrial resins and portfolio company of the holding company Advent International, announced today the European Commission’s approval of the plan to combine the business operations of Allnex and Nuplex. This marks one of the final milestones in the process aimed at merging the two companies, which will ultimately lead to the creation of the worldwide leading producer of industrial coating resins. Upon completion of the merger, Frankfurt am Main will become home to the headquarters of the newly created company.

Frankfurt has a long tradition as a domicile for companies in the chemical industry, and the city’s ability to combine this tradition with an excellent infrastructure and logistics network make Frankfurt an ideal location. Dr. Rainer Waldschmidt, CEO of HA Hessen Agentur GmbH and Hessen Trade & Invest GmbH, commented with regard to the merger between Allnex and Nuplex that, “The decision to locate the company’s headquarters in Frankfurt is a testament to the appeal of our city as a location for the chemical industry. In light of its excellent infrastructure, central European location, and strong research environment, the state of Hessen offers ideal conditions for investors as a business location. I wholeheartedly welcome the decision by these companies, as they will undoubtedly benefit from the advantages offered by the Rhine-Main region. In addition, hosting the headquarters of a global market leader will even further upgrade the image of Frankfurt, the Rhine-Main region, and the state of Hessen.” Eric Menges, CEO of FrankfurtRheinMain GmbH International Marketing of the Region, added, “We are delighted about the decision by such an internationally established company to select Frankfurt as its home. This strongly attests to our ability to compete in the worldwide arena to attract global players.”

It was recently announced that Miguel Mantas, CEO of Allnex since the beginning of 2016, will serve as CEO of the new company. He commented, “Together we will be stronger. Allnex and Nuplex share a common understanding of high quality and innovation standards and are both capable of tailoring our products and services to meet the needs of customers in the coating resins segment. I am proud to be bringing these two companies together under a single roof. Our joint expertise will ensure the successful performance of the company moving forward.”

Ron Ayles, managing partner at Advent International and head of the holding company’s global chemical division, stated, “The merger of Allnex and Nuplex is the result of sound strategic decision making. The new company will be the undisputed global leader in the industrial coating resins market. One of the most significant effects resulting from this merger will be customers’ new-found ability to access a larger global production network and a more extensive and innovative range of products featuring cutting edge technology.”

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