Citation
(2005), "Transition of Akzo Nobel Resins to Nuplex Industries Ltd. completed", Pigment & Resin Technology, Vol. 34 No. 3. https://doi.org/10.1108/prt.2005.12934cab.021
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited
Transition of Akzo Nobel Resins to Nuplex Industries Ltd. completed
Transition of Akzo Nobel Resins to Nuplex Industries Ltd. completed
On 31 December, 2004, ownership of Akzo Nobel Coating Resins officially transferred to Nuplex Industries Ltd. of New Zealand. On 3 January, 2005, John Hirst, managing director of Nuplex Industries, and Rob Harmsen, general manager of Coating Resins, were present in Bergen op Zoom for a symbolic transition ceremony.
To Nuplex Industries Ltd., the acquisition is of major strategic interest. Says John Hirst, “We consider the cooperation between Nuplex Industries and Coating Resins to be an excellent step forward in the growth and development of both businesses. The acquisition provides a strategic fit with Nuplex's core business. It will transform Nuplex into a global group. Nuplex Industries is present in Australia, New Zealand and Asia, whereas Coating Resins is active in Europe, Asia and the Americas. In addition, the acquisition will enable Nuplex to take ownership of leading resin technology”.
With the acquisition of Akzo Nobel Resins, the total number of employees of Nuplex Industries Ltd. will be approximately 2,000. Of these, some 850 are part of the Coating Resins organization.