This merger offers 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.
“This is the most important step we can take towards advancing the use of composites worldwide,” said Joe Salley.
“Merging our companies allows us to leverage our geography and technology to strengthen our shared leadership in this growing industry.” “Our combined technology and expanded global reach will bring innovative composite solutions to more people than ever before,” said Fred Norman. “Joining forces allows us to better serve our customers, our employees, and our communities.”
Bert Bakker said, “We are excited about the possibilities for future growth together. Our teams will remain committed to the quality, innovation, and service that propelled both companies to global leadership in our industry.”
An integration team, comprised of representatives from across the new organization, will lead the transition process. Teams from each functional area will leverage the strengths and best practices of each company to serve customers and partners globally.
“Our main objective is to remain focused on our customers, to make this integration seamless, and to find ways to create even stronger partnerships,” said Salley.