ADDEV Materials Group acquires Graytone Group and its subsidiaries Pexa and PSG
ADDEV Materials Group has acquired the Graytone Group and its subsidiaries Pexa and PSG, which are companies specialising in services and distribution of surface treatments, coatings, chemicals, composites and other materials, predominantly for the aerospace and defence markets.
For over 10 years, ADDEV Materials has offered innovative and responsible materials solutions. Historically focused on conversion of flexible materials, such as adhesive tapes or technical films, ADDEV Materials has expanded its know-how to liquid custom packaging solutions, adhesives and chemicals, through the acquisition of DIMEX (Toulouse) in 2015 and VMS aircraft (San Diego, USA) in 2016.
The acquisition of Pexa and PSG is therefore part of the company’s strategy to expand its supply range of adhesives, sealants and chemicals, to include paints and coatings, together with value added activities such as small batch manufacturing, tinting and decanting.
Pexa and PSG propose an extended offer, complementary to those of ADDEV Materials:
Pexa, based in Holywell Green in West Yorkshire, in the north of England, has developed a position as a preferred partner for Akzo Nobel Aerospace Coatings in the UK, France and Spain. Pexa has also recently created a subsidiary in India, laying the foundations for a future strategic platform to support ADDEV Materials’ customers in that region.
PSG, based in Bordon in Hampshire, south west of London, has been able to forge strong strategic partnerships with world leading manufacturers of specialist aerospace coatings and composites such as PPG Industries, Sherwin-Williams, Henkel and Gurit.
“We expect excellent synergies from the Graytone project in Europe and Middle East. We believe we can achieve significant cross fertilisation as an “Adhesives & Chemicals” custom made solutions expert, with our worldwide customers, our world-class manufacturers’ partners and our geographical position in Europe and North America” Julien Duvanel, ADDEV Materials CEO and Aerospace & Defense Business Unit CEO.
“The ADDEV Materials business philosophy is very much in line with the Graytone concept, which is to provide a highly extensive product offering, combined with a high level of technical support, added value converting activities and strong customer service orientation.” Graham Yates, Graytone Managing Director.
The acquisition and subsequent increased investment represents an opportunity for the Graytone Group of companies to expand its global reach through ADDEV Materials’ facilities in Europe and North America, whilst widening its product portfolio (aerospace adhesives and sealants, coatings, chemicals, tapes, technical films).