Divestiture • Chemicals

Synthomer Acquires BASF SE - SBR Business

On September 28, 2017, Synthomer acquired chemicals company BASF SE - SBR Business from BASF SE - SBR Business

Acquisition Context
  • This is Synthomer’s 4th transaction in the Chemicals sector.
  • This is Synthomer’s 1st transaction in Austria.

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M&A Deal Summary

Date September 28, 2017
Target BASF SE - SBR Business
Sector Chemicals
Buyer(s) Synthomer
Sellers(s) BASF SE - SBR Business
Deal Type Divestiture

Target Company

BASF SE - SBR Business

Pischelsdorf, Austria
BASF SE - SBR Business produces Styrene Butadiene Rubber ("SBR") used in the paper industry, notably in packaging end-markets. The Business operates from one site in Pischelsdorf, Austria.
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Buyer Overview 1

Buyer

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 Buyer #
Overall 5 of 7
Sector: Chemicals 4 of 6
Type: Divestiture 3 of 4
Country: Austria 1 of 1
Year: 2017 2 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-03 OMNOVA Solutions

Beachwood, Ohio, United States

OMNOVA Solutions, Inc. is a manufacturer of emulsion polymers and specialty chemicals. OMNOVA was formed in 1999 and is based in Fairlawn, Ohio. OMNOVA Solutions was founded in 1999 and is based in Beachwood, Ohio.

Buy $473M

Seller Profile 1

SELLER

BASF SE - SBR Business

Pischelsdorf, Austria

Category Company
Sector Chemicals
DESCRIPTION

BASF SE - SBR Business produces Styrene Butadiene Rubber ("SBR") used in the paper industry, notably in packaging end-markets. The Business operates from one site in Pischelsdorf, Austria.


Deal Context for Seller #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
Country: Austria 1 of 1
Year: 2017 1 of 1

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