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    Breaking News

    Synthomer Acquires Omnova Solutions Inc.

    The acquisition is expected to be completed in late 2019/early 2020.

    Synthomer Acquires Omnova Solutions Inc.
    07.05.19
    Synthomer plc said it reached an agreement with OMNOVA Solutions Inc., which develops, manufactures and markets polymers, dispersions, elastomers and other specialty chemicals, on the terms of a recommended acquisition of the entire issued and to be issued share capital of OMNOVA.
     
    The acquisition is expected to be completed in late 2019/early 2020 following receipt of regulatory approvals and satisfaction of other closing conditions.
     
    OMNOVA employs approximately 1,900 employees and operates 13 sites across the U.S., Europe and Asia.
     
    "The acquisition of OMNOVA represents an attractive opportunity to materially expand our international business into North America and expand our presence in Europe and Asia, creating a global specialty chemical company," said Calum MacLean, chief executive of Synthomer. "The acquisition provides an attractive financial profile with significant expected synergy benefits. Synthomer has been disciplined waiting for the right opportunity to deliver value through our inorganic growth strategy and this acquisition will provide an additional platform for Synthomer to continue to grow into the medium term."
     
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    • polymers
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    Related Breaking News

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      SONGWON Industrial Group Releases 2Q 2019 Financial Results

      SONGWON Industrial Group Releases 2Q 2019 Financial Results

      ...
      08.14.19

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    • Eastman Bullish on Latin America, its Environment, the Arts

      In Latin America, Eastman sales were up 14 percent to $588 million, leading all other geographies in percentage growth.
      Charles W. Thurston, Latin America Correspondent 08.09.19


    • Breaking News | People in the News
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    • PPG Names Rodolfo Ramirez GM, Packaging Coatings
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    View Breaking News >
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