In 2019 Pexa and PSG, both part of the Graytone Group, leading distributors of surface finishing materials and chemicals to the aerospace industry, were acquired by Addev Materials, the French-owned international specialist in chemicals distribution and custom packaging.
Since then the companies have continued to operate independently but now in September 2020, have announced that the two companies will come together and operate under the name Addev Materials Aerospace & Defence.
This forms part of Addev Materials’ global strategy to gather its chemicals distribution businesses under this brand and to offer the market the option of a technically expert supplier with a significant international reach. Their expertise includes product and process reviews, support and training on product application, know-how and partnership on compliance issues and a logistics approach that can support any supply chain model. The companies will unite under the Addev Materials brand and the old Pexa and PSG brands have been retired. All literature and other assets have been reissued with the new logo.
“This is good news for our industry and our partners, both customers and suppliers,” stated company strategic partnership director, Jim Rowbotham. “Due to Covid-19 the whole market has suffered a shock and significant restructuring of business is underway. Our merger is very timely and offers customers and suppliers in our market a new solution and a new approach based on the market as it evolves from here.”
The field sales teams of the two companies have been merged, so customers now have a single sales contact. All UK stocks and product mixing capabilities have been located at the company’s site at Bordon, Hants. In the EU all stocks have been located at the Addev Materials site at Toulouse, which will form the hub of EU operations and the main platform for the company’s operations in Europe after Brexit.
“I am delighted that PSG and Pexa are merging to become one company,” added Addev Materials UK’s managing director, Graham Yates. “The extended product range and our expertise, when combined with Addev Material’s ambition for growth in the aerospace and defence sector, creates a formidable combination which will enable us to serve our customers and suppliers better across EMEA, North America and beyond.”
Until 2021, the legal entities of Pexa and PSG will remain in place. This will provide time for trading partners to adapt to the new identity. Orders will continue to be handled by the Pexa and PSG customer services teams. Later in 2020 the company will announce the complete merging of the two businesses into a single legal entity operating a combined ERP system.
Robert Waddell, sales director EMEA concluded: “The merger of PSG and Pexa is great news for our customers. As the supply partner of choice to the world’s largest coatings, surface treatments, chemicals and composite material manufacturers, our customers now have access to our combined offering. Our sales and technical team bring together an experienced and knowledgeable group of industry professionals, uniquely qualified to advise our customers on all aspects of aerospace coatings and surface treatment, NDT, composite processes and application. Our operations will be further complemented in early 2021 with the expansion of our new UK application training centre.”