BRUSSELS – Resins supplier Allnex announced that Miguel Mantas, currently Chief Executive Officer of Allnex, will become the CEO of the new company after the combination of Allnex and Nuplex.
In April of this year, Allnex and Nuplex signed an agreement to combine the two businesses. Regulatory approvals have already been obtained from regulators in Australia, China, New Zealand, Russia and the United States. In July, Nuplex shareholders voted in favor of the agreement, and the New Zealand High Court made orders approving the scheme. Completion is currently expected to occur in mid-September 2016, following the receipt of European Commission approval in early September 2016.