Cytec Coating Resins Begins Operating as Allnex
Cytec Coating Resins recently announced that, as of June 1, it is operating as Allnex. The divestiture of Cytec Industries’ Coating Resins business to funds affiliated with Advent International was first announced in late 2012 and completed on April 3. The adoption of the name Allnex is reportedly the first step toward establishing the company’s new identity.
“We are excited about our new name,” said Frank Aranzana, CEO. “We believe that it reflects who we are, what we stand for, and what we want to achieve.”
For additional information, visit www.allnex.com.