Resins companies AOC and Aliancys have merged to form a new combined company, which will be named AOC Aliancys.
The merger follows CVC Capital Partners Fund VI (CVC) announced intent to acquire the Alpha Corporation, AOC’s parent company. Aliancys has been a part of CVC’s portfolio since 2015.
Joe Salley, previously CEO of Milliken and formerly operating partner at Arsenal Capital, will be the CEO of AOC Aliancys, while Fred Norman, previously CEO of AOC, will serve as CEO for the Americas and Bert Bakker, previously CEO of Aliancys, will serve as the CEO for Europe and Asia.
‘This is the most important step we can take towards advancing the use of composites worldwide,’ said Joe Salley. ‘Merging our companies allows us to leverage our geography and technology to strengthen our shared leadership in this growing industry.’
This story is reprinted from material from Aliancys, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
