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AkzoNobel Divests its Pure-Flex Flexible Packaging Adhesives Business to Polytech

Published on 2014-07-04. Author : SpecialChem

AkzoNobel Packaging Coatings announced the divestment of its Pure-Flex flexible packaging adhesives and ink media business to Polytech International Ltd. The Flexible Packaging Adhesives business specializes in solvent-based, solvent-free and water-based laminating adhesive and ink media technologies for the flexible packaging film converting industry in Europe and South Africa.

“Following a strategy review, it has been decided the Flex-pack Adhesives business no longer fits within our product portfolio. Transferring adhesives and ink media activities to a new owner is the best way forward for the business. We are pleased that we have found a respected company to take over the business. This agreement is a good outcome for all stakeholders,” commented BU Managing Director AB Ghosh.

Polytech is familiar with the portfolio and business as they have operated as toll manufacturer for the Pure-Flex Adhesives business for many years. This close association with the Business will ensure a smooth transition for customers and transferring employees alike. The acquisition will see Polytech significantly expand its business portfolio into the food and industrial flexible packaging market and create an attractive platform for continuing growth.

"We are delighted to be able to bring the Pure-Flex Adhesives business into our portfolio of companies,” said Mark Dunkinson CEO of MRi-Polytech group. “The expertise of the transferring employees is renowned in the market place and the product portfolio is outstanding. We have strong synergies with our in-house capabilities and we look forward to being able to work with the transferring customers to build further on the existing relationship with the Business.”

The MRi-Polytech group includes Polytech International Limited, which specializes in the development, manufacture and supply of high performance polyurethane resin systems for sports, safety, recreational, industrial and domestic applications, and building products division, Quietstone UK Limited, a leading developer and supplier of premium sound absorbing, fire resistant and thermally insulating panels. The Group headquarters is in Pott Shrigley, Cheshire.

About AkzoNobel

AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. The company supplies industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for its customers. Its portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, the company is consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast-changing world.

About Polytech International Limited

Its team of highly skilled professionals are committed to the research and development that goes into all MRi Polytech products and systems. It ensures that everything is rigorously tested and perfectly matched to customer specifications, and is compliant with technical and environmental requirements. It exports globally and its customers have installed its products in every corner of the world. Projects ranging from swimming pool installations to IAAF standard running tracks, pool surrounds and walkways, multi-purpose sports surfaces, and stone binders

Source: AkzoNobel


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