The specialty chemicals company Synthomer plc, Harlow/UK, one of the major suppliers of aqueous polymers, announced that it has reached an agreement with Omnova Solutions Inc., Beachwood, OH/USA, 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 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, 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 approx. 1,900 employees and operates 13 sites across the US, Europe and Asia.