BRUSSELS, Belgium — Specialty chemicals supplier allnex announced that the company is becoming part of PTT Global Chemical Public Co. Ltd. (GC). The sale of allnex is expected to close in the fourth quarter of 2021, subject to regulatory approvals.
As a leading industrial coating resins company, present on four continents and serving customers in over 100 countries, becoming a part of GC will give allnex the opportunity to further expand its presence in emerging markets through additional investments. GC is a strategic long-term investor and will improve allnex’s reach to the Asia-Pacific region while at the same time GC can benefit from allnex’s existing global footprint. With its leading green technology portfolio and R&D network, allnex will support GC’s commitment to environmentally friendly innovations and advanced technologies. Together, allnex and GC will address key sustainability challenges in the global market.