M&A Deal Summary

Synthomer Acquires OMNOVA Solutions

On July 3, 2019, Synthomer acquired chemicals company OMNOVA Solutions for 473M USD

Acquisition Highlights
  • This is Synthomer’s 5th transaction in the Chemicals sector.
  • This is Synthomer’s 3rd largest (disclosed) transaction.
  • This is Synthomer’s 2nd transaction in the United States.
  • This is Synthomer’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-07-03
Target OMNOVA Solutions
Sector Chemicals
Buyer(s) Synthomer
Deal Type Add-on Acquisition
Deal Value 473M USD
Advisor(s) Morgan Stanley (Financial)
Jones Day (Legal)

Target

OMNOVA Solutions

Beachwood, Ohio, United States
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.
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.

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Buyer(S) 1

Buyer

Synthomer

London, United Kingdom
Category Company
Founded 1863
Sector Chemicals
Employees4,200
Revenue 2.0B GBP (2023)
DESCRIPTION

Synthomer is a supplier of latices and speciality 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, United Kingdom.

DEAL STATS #
Overall 6 of 7
Sector (Chemicals) 5 of 6
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Eastman Chemical - Adhesive Resins Business

Kingsport, Tennessee, United States

Eastman Chemical Co.'s Adhesive Resins Business comprises hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines.

Buy $1.0B
Mergr

Product

Company

Legal