MARL, Germany — Specialty chemicals provider Synthomer plc has reached an agreement with OMNOVA Solutions Inc. on the terms of an acquisition of OMNOVA. Completion of the acquisition is expected in late 2019 or early 2020, following regulatory approvals and satisfaction of other closing conditions.
OMNOVA is a major supplier of emulsion polymers, specialty 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 13 sites across the United States, Europe and Asia.