Divestiture • Chemicals

FERRO S.A. Acquires Synthomer - Dispersions Business

On March 21, 2016, FERRO S.A. acquired chemicals company Synthomer - Dispersions Business from Synthomer for 13M GBP

Acquisition Context
  • This is FERRO S.A.’s 1st transaction in the Chemicals sector.
  • This is FERRO S.A.’s largest (disclosed) transaction.
  • This is FERRO S.A.’s 1st transaction in South Africa.

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M&A Deal Summary

Date March 21, 2016
Target Synthomer - Dispersions Business
Sector Chemicals
Buyer(s) FERRO S.A.
Sellers(s) Synthomer
Deal Type Divestiture
Deal Value 13M GBP

Target Company

Synthomer - Dispersions Business

South Africa
Synthomer Plc - Dispersions Business engages in production of ultra-fine particle and pigment dispersions.
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Buyer Overview 1

Buyer

FERRO S.A.

Skawina, Poland

Category Company
Sector Building Materials
DESCRIPTION

FERRO Group is one of the largest manufacturers of sanitary and installation fittings in the Central and Eastern Europe region. The Group Head Office and warehouse and logistics center are located in Skawina. FERRO S.A. is one of the leaders in the sanitary and heating industry on the Polish market. The enterprise has been manufacturing high quality sanitary and installation fittings for 20 years under the brand FERRO and heating elements under own brand Weberman.


Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
Country: South Africa 1 of 1
Year: 2016 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Synthomer

London, United Kingdom

Category Company
Founded 1863
Sector Chemicals
Employees4,000
Revenue 2.0B GBP (2024)
DESCRIPTION

Synthomer is a provider of latices and specialty emulsion polymers supporting leadership positions in many market segments, including coatings, construction, textiles, paper, and synthetic latex gloves. Synthomer was founded in 1863 and is based in London, England.


Deal Context for Seller #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
Country: South Africa 1 of 1
Year: 2016 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-20 Hexion - Performance Adhesives & Coatings

United States

Hexion - Performance Adhesives & Coatings develops, manufactures and markets a wide array of dispersions, additives, powder coatings and speciality monomers, supplying a global customer base across a broad range of end-use including coatings, adhesives and for building and construction applications. The business employs approximately 750 employees and operates 7 sites across Europe, the USA and Asia.

Buy $226M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Perstorp Oxo Belgium AB

Evergem, Belgium

Perstorp Belgium is a niche performance additives business serving the decorative and industrial coatings industries. It has strong market leadership positions (#1 or #2) and serves a highly attractive, blue-chip customer base. The business operates from a well located, single site in Ghent, Belgium where there is potential for growth capacity for future demand.

Buy €78M

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