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AOC’s parent company, The Alpha Corporation of Collierville, Tennessee, US, has signed a definitive agreement with CVC Capital Partners Fund VI to be acquired.
AOC is the primary asset and a wholly owned subsidiary of The Alpha Corporation. The transaction is subject to customary regulatory approvals.
Headquartered in Collierville, Tennessee, AOC manufactures polyester and vinyl ester resins, gel-coats, colorant dispersions and speciality additives for customers manufacturing products used in the automotive, marine, corrosion, construction and infrastructure segments, among others. The company has production facilities in the US, Canada, Mexico, Europe and Asia. Upon completion of the transaction, AOC, under the ownership of CVC, plans to work closely with Swiss-based resin manufacturer Aliancys, a CVC portfolio company, to create a global leader in the industry. Aliancys’ products are sold to various composites end users in the automotive, building and construction, marine and relining/CIPP sectors.
“AOC is excited about the partnership with CVC Capital Partners as the company moves forward on a new path to future growth that will allow AOC to better serve new and existing customers, strengthen our supply chain, and create additional growth opportunities for our suppliers around the world,” states Fred Norman, CEO of AOC. “Aliancys has excellent customer relationships and represents a great strategic and complementary fit with AOC as a market leader in global resin chemistries.”
“AOC is an outstanding business with an experienced management team and world class manufacturing facilities,” says Steven Buyse, Partner at CVC. “We believe that its combination with Aliancys will create a robust global company with the diverse product mix and exceptional geographic reach to serve markets in every corner of the world. We look forward to working with both AOC and Aliancys to continue to develop high performance composite resins.”
“AOC’s business culture is very compatible with that of Aliancys, as they share our commitment to innovation, continuous improvement and customer focus,” comments Bert Bakker, CEO of Aliancys. “This is a winning combination for the industry.”
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