PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Free Download of

Paint and Coatings Industry News

Main News Page


Cytec Coatings Unit Gains New Identity

Tuesday, June 4, 2013

More items for Coating Materials

More items from Asia Pacific; Europe

Comment | More

Two months after becoming an independent company, Cytec Industries’ old coating resins business officially has a new name: Allnex.

Headquartered in Brussels, Belgium, Allnex develops, produces and sells synthetic resins for paint, coatings, and printing inks.

"We are excited about our new name," Frank Aranzana, CEO, said in an announcement. "We believe it reflects who we are, what we stand for, and what we want to achieve."

Cytec Industries sold its coating resins business to Advent International, a global private equity firm, on April 3 for a total value of $1.1 billion, including assumed liabilities of approximately $118 million.

Allnex
Photos: Allnex

Cytec Industries' former coating resins business has been renamed Allnex after its sale in April to a private equity firm.

"Because a company name is one of the most visible aspects of its reputation, it was very important to take the time to consider the company's identity, mission and future ambitions in the selection process," Aranzana said.

"We believe Allnex is the one name that we can all stand behind and be proud of."

The name change became effective June 1.

Employee Inspiration

The search for a new name started in November 2012 with an employee contest that generated more than 300 ideas. Using those names as inspiration, a global diversity group then brainstormed for a new name and incorporated advice from a leading brand agency.

The company's new logo was designed to reflect Allnex's product portfolio, sustainable innovations, growth aspirations and commitment to continuous improvement, the company said.

Cytec coating resins

Employees helped generate more than 300 ideas for the new name, which comes with a new logo and the slogan, "All About Resins."

The colors and sizes of the droplets are meant to represent Allnex's products and employees. The green droplet specifically stands for sustainability, and the upward movement of the droplets and text represents the company's commitment to operational excellence, innovation and growth.

The new name and logo also come with a slogan: "All About Resins."

About the Company

Allnex is a global company with $1.5 billion in sales that supplies resins for industrial, architectural, OEM and special purpose coatings.

The company's portfolio includes liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces.

More information: www.allnex.com.

   

Tagged categories: Acquisitions; Additives; Adhesive; Allnex; Cytec Industries Inc.; Resins

Comment Join the Conversation:

Sign in to our community to add your comments.

Sherwin-Williams
Heat-FLex® Hi-Temp 1200

Improved Corrosion
Resistance
Enhanced Durability
Faster Shop Throughput


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Mitsubishi Gas Chemical America
    Performance Amine 1,3-BAC

    A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


    Polyval Coatings
    Polyflex® Polyurea Linings

    exhibit outstanding versatility in use; providing abrasion resistance, superior seamless waterproofing and high-chem corrosion protection. www.polyflexlinings.com


    Industrial Vacuum Equipment Corp.
    Hurricane Vacuums
    & Dust Collectors

    Vacuum and dust collector hose, filters and related accessories.
    IndustrialVacuum.com

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker JPCL Europe

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com