An announcement from Synthomer regarding an agreement to acquire OMNOVA Solutions drew the most reader interest last week (Synthomer Announces Agreement to Acquire OMNOVA Solutions): “Synthomer plc recently announced that it has reached an agreement with OMNOVA Solutions Inc. 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 is a supplier of emulsion polymers, specialty chemicals, and functional and decorative surfaces. It offers a wide range of technical solutions for industries such as coatings, adhesives, oilfield, paper, carpet, and laminates. The business employs approximately 1,900 people and operates 13 sites across the U.S., Europe, and Asia.
“‘This transaction is an important step in the continued execution of Synthomer’s strategy with an acquisition that is both strategically and financially compelling,’ said Calum MacLean, chief executive of Synthomer. ‘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.’”
We’ve seen a lot of acquisitions in the past couple of weeks. What do you think is prompting all of this M&A activity? Please contact me at (248) 786-1704 or suttons@bnpmedia.com to share your thoughts.
Top 5 News that Sticks for July 14-20
- Synthomer Announces Agreement to Acquire OMNOVA Solutions
- Ashland Announces Amendment to Agreement with INEOS for Composites Business Acquisition
- ALTANA Acquires Paul N. Gardner
- Nagarajan Named President and CEO of Nordson
- Berry Global Announces New Business Structure and Leadership Appointments
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.
