In 2019 Graytone Group's Pexa and PSG - distributors of surface finishing materials and chemicals to the aerospace industry - were acquired by French owned chemicals distribution and custom packaging specialist, Addev Materials and although they continued operating independently, the two former Greystone companies have now merged to become Addev Materials Aerospace & Defense.
Image courtesy Addev Materials Aerospace & Defense
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. Our 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. Jim Rowbotham Strategic Partnership Director said “This is good news for our industry and our partners, both customers and suppliers. 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. The company has merged the Pexa and PSG websites at www.addevmaterials-aerospace.com and will create an entirely new website moving into 2021.
Graham Yates Managing Director of Addev Materials UK said: “I am delighted that PSG and Pexa are merging to become one Company. The extended product range and our expertise, when combined with Addev Material’s ambition for growth in the aerospace and defense 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 2 customer services teams at Pexa and PSG. Later in 2020 the company will announce the complete merging of the 2 businesses into a single legal entity operating a combined ERP system.
Robert Waddell Sales Director EMEA said: “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 brings 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.”