Synthomer acquires Omnova Solutions Inc.
Synthomer plc, a FTSE 250 speciality chemicals company, and one of the world’s major suppliers of aqueous polymers, announced that it has reached an agreement with Omnova Solutions Inc., which develops, manufactures and markets polymers, dispersions, elastomers and other speciality 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 complete in late 2019 / early 2020 following receipt of regulatory approvals and satisfaction of other closing conditions.
Omnova is a major supplier of emulsion polymers, speciality chemicals, and functional and decorative surfaces that enhance the performance of customers’ products around the globe. It offers a wide range of technical solutions for various industries such as coatings, adhesives, oilfield, paper, carpet and laminates.The business employs approximately 1900 employees and operates thirteen sites across the US, Europe and Asia.