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February 12, 2007 |
The National Paint and Coatings Association (NPCA) and the Federation of Societies for Coatings Technology (FSCT) have announced that they have signed a Memorandum of Agreement outlining the details of a merger of the two organizations. The NPCA and FSCT announced last November that they would begin merger discussions, just three months after FSCT rejected a previous merger proposal from the NPCA. According to a statement from the FSCT, the agreement describes a "governance merger" that will consolidate the governance, management, and administrative functions of both groups under NPCA, while preserving each organization's separate identities, operations, functions, and member services.
As part of the merger, FSCT and NPCA have agreed to combine the International Coatings Expo (ICE) with the American Coatings Show and Conference (ACS) to be held on June 2-5, 2008, in Charlotte, NC. With the combination of ICE into the ACS, ICE 2008 in Chicago will be canceled. NPCA and FSCT have also agreed to explore the possibility of holding FutureCoat! in conjunction and/or in cooperation with future American Coatings Shows and American Coatings Conferences and/or the NPCA Annual Meeting and Leadership Conference.
"NPCA and FSCT are committed to combining their resources and expertise for the greater benefit of the industry," said NPCA president Andy Doyle and FSCT executive director Joe Pontoski in a joint statement. "The purpose of integrating the management and financial resources of both parties is to enhance the overall quality and breadth of programs and services provided to the industry and to efficiently and effectively apply resources to industry priorities. In addition, we recognize that an important aspect of a successful merger of our two organizations is a continued affiliation and effective interaction with the industry's network of local societies, councils, and associations, and the Coatings Industry Education Foundation. We not only expect our relationship with these groups to continue, but to be enhanced and expanded."
FSCT's board of directors has already approved the Memorandum of Agreement and has recommended approval to its membership; NPCA's board of directors will take formal action on the Agreement at its meeting on March 19. All aspects of the merger are expected to be complete by June 3, 2008.
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