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PTTGC will strengthen allnex’s market access in the APAC region and support investments in innovative and green technologies.
July 13, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Advent International has signed an agreement to sell allnex Holding GmbH to Netherlands-based PTTGC International (Netherlands) B.V., a wholly owned subsidiary of Bangkok-based PTT Global Chemical Public Company Limited. The transaction values allnex at an enterprise value of approximately €4 billion, which equates to about 12.2x LTM March 2021 EBITDA. allnex is a leading global producer of industrial coating resins, offering a range of coating polymers and additives, including powder resins, ...
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