AOC and Aliancys Form Global Composites Company
AOC and Aliancys recently announced the official creation of a new combined company, AOC Aliancys, following the close of the sale of The Alpha Corp. to CVC Capital Partner’s Fund VI on Aug. 1.
The Alpha Corp. is the parent company of AOC and Aliancys has been part of the CVC protfolio since 2015. With this merger, the two established companies join forces to form a leading global supplier of polyester and vinyl ester resins, gel coats and other materials used in the composites industry.
The two companies bring unrivaled technical knowledge, a complementary global footprint, and a shared passion for quality and customer satisfaction. This merger offers exciting prospects for customers and the industry as a whole.
RELATED: AOC Resins Parent Company Acquired By CVC Capital Partners
Joe Salley, prior CEO of Milliken and formerly operating partner at Arsenal Capital, will be the CEO of AOC Aliancys.
“This is the most important step we can take towards advancing the use of composites worldwide,” said Salley. “Merging our companies allows us to leverage our geography and technology to strengthen our shared leadership in this growing industry.”
Fred Norman, previously CEO of AOC, will serve as CEO for the Americas. Bert Bakker, previously CEO of Aliancys, will serve as the CEO for Europe and Asia.
“Our combined technology and expanded global reach will bring innovative composite solutions to more people than ever before,” said Norman. “Joining forces allows us to better serve our customers, our employees, and our communities.”
An integration team, comprised of representatives from across the new organization, will lead the transition process. Teams from each functional area will leverage the strengths and best practices of each company to best serve customers and partners globally.
“We are excited about the possibilities for future growth together. Our teams will remain committed to the quality, innovation, and service that propelled both companies to global leadership in our industry,” said Bakker.
SOURCE – AOC Aliancys
