NPCA, FSCT sign agreement to merge.
The National Paint & Coatings Association (NPCA) and the
Federation of Societies for Coatings Technology (FSCT) have signed a
Memorandum of Agreement, which outlines the details of a prospective
merger of the two organizations.
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. NPCA and
FSCT will remain as separate organizations managed through a common
governing structure.
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 will fully endorse and support the American
Coatings Show as the premier exhibition for the coatings industry.
In addition, NPCA and FSCT will endorse and support the FSCT's
international technology conference, FutureCoat!, which will continue as
the signature science and technology event for the industry and a forum
for FSCT's Annual Meeting. A complement to the American Coatings
Conference, FutureCoat! will be held in the fall of 2008 in Chicago and
feature multi-track educational programming focused on Globally
Responsible Coatings. NPCA and FSCT have 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 president Andy Doyle and FSCT executive director Joe Pontoski
issued the following joint statement:
"NPCA and FSCT view FSCT as the leading technical and
scientific educational organization for the industry and NPCA as the
leading advocacy and public policy based organization for the industry.
NPCA and FSCT fully endorse membership in and the programs and
activities of both organizations. NPCA and FSCT are committed to
combining their resources and expertise for the greater benefit of the
industry. 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."
NPCA and FSCT have agreed to an action plan to finalize the merger.
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.
Following a decision by NPCA's Board, the agreement will be
submitted to the FSCT general membership for approval beginning on March
21. Voting by the FSCT membership will likely take place between April
21 and May 2, 2008, for all members of record as of Feb. 29, 2008. All
aspects of the merger are expected to be completed by June 3, 2008.
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