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Nuplex Approves Transfer of its Ownership to Allnex

New Zealand-based company manufactures resins.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Shareholders of Nuplex voted to approve the company’s combination with Allnex during a special meeting of shareholders held in Auckland, New Zealand.
 
Allnex, backed by its shareholder Advent International, entered into exclusive talks with Nuplex, one of the global manufacturers of resins listed in New Zealand and Australia, to explore a business combination of the companies. Allnex and Nuplex signed a scheme of arrangement in April, through which ownership of Nuplex would be transferred to Allnex.

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