PTT Global Chemical completed the acquisition of allnex from Advent for $4.75bn.

PTT Global Chemical, a chemicals company, completed the acquisition of allnex, a coating resins maker, from Advent for $4.75bn. “As the global market leader in industrial coating resins, with its broad portfolio, stable profit, and leading green technology, allnex is ideally positioned to benefit from three megatrends shaping the industry: increasing demand for high performance coating resins, a continued shift of growth to emerging markets, and a trend towards green coatings solutions. We look forward to working with the team at allnex to leverage this growth potential," Kongkrapan Intarajang, PTTGC CEO.