AOC and Aliancys announced the formal establishment of a new merger company, which will be named "AOC Aliancys." Through the merger, the two companies formed the world's leading polyester and vinyl ester resins, gel coats. And other suppliers. Materials used in the composites industry.
This merger provides prospects for customers and the industry as a whole. Prior to the merger, CVC Capital Partners' Fund VI (CVC) announced on May 2 that it was interested in acquiring AOC parent company The Alpha Corporation, which was completed on August 1. Since 2015, Aliancys has been part of the CVC portfolio.
Former CEO of Milliken, former managing partner of Arsenal Capital, Joe Salley will serve as CEO of AOC Aliancys. AOC CEO Fred Norman will serve as CEO of the Americas. Former Aliancys CEO Bert Bakker will serve as CEO of Europe and Asia.
“This is the most important step we can take to drive the use of composite materials worldwide,” says Joe Salley.
“Merging our company enables us to leverage our geography and technology to strengthen our common leadership in this evolving industry.” “Our integrated technology and expanded global reach will bring innovation to more people. Composite solutions," said Fred Norman. “Joint forces enable us to better serve our customers, employees and the community.”
Bert Bakker said: "We are excited about the possibility of future growth together. Our team will continue to focus on quality, innovation and service to drive the two companies' global leadership in the industry."
An integrated team of representatives from the new organization will lead the transition process. Teams in each functional area will leverage the strengths and best practices of each company to serve customers and partners around the world.
“Our main goal is to continue to focus on our customers, make this integration seamless, and find ways to create stronger partnerships,” says Salley.
