Synthomer Completes Acquisition of OMNOVA Solutions
LONDON — Synthomer announced that the company has completed the acquisition of OMNOVA Solutions Inc. The transaction creates a global specialty chemicals company with significant scale and a strong platform from which to invest in future growth. The acquisition makes Synthomer a worldwide player in water-based polymer solutions with greater customer reach and strong operational capabilities. The company will be in a stronger position to invest in growth, innovation and people.
The acquisition materially strengthens Synthomer's presence in North America, as well as increases its presence in Europe and Asia, including further penetration into the high-growth Chinese market. Synthomer intends to utilize best practices from across the enlarged group to improve productivity and service.