AOC and Aliancys Form Global Composites Company
AOC and Aliancys are pleased to announce the official creation of a new combined company, which will be named “AOC Aliancys.” 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.
The merger follows CVC Capital Partners’Fund VI (CVC) announced intent to acquire The Alpha Corporation, AOC’s parent company, on May 2nd, a transaction that completed on August 1st. Aliancys has been a part of CVC’s portfolio since 2015.
Joe Salley, prior CEO of Milliken and formerly Operating Partner at Arsenal Capital, will be the CEO of AOC Aliancys. 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.