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M&A Deal Summary

Synthomer Acquires Perstorp Oxo Belgium AB

On March 6, 2017, Synthomer acquired chemicals company Perstorp Oxo Belgium AB from Perstorp for 78M EUR

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

M&A Deal Summary
Date 2017-03-06
Target Perstorp Oxo Belgium AB
Sector Chemicals
Buyer(s) Synthomer
Sellers(s) Perstorp
Deal Type Divestiture
Deal Value 78M EUR

Target

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.

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Buyer(S) 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 STATS #
Overall 4 of 7
Sector: Chemicals M&A 3 of 6
Type: Divestiture M&A Deals 2 of 4
Country: Belgium M&A 1 of 1
Year: 2017 M&A 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Synthomer - Dispersions Business

South Africa

Synthomer Plc - Dispersions Business engages in production of ultra-fine particle and pigment dispersions.

Sell £13M
FOLLOWING 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 -

Seller(S) 1

SELLER

Perstorp

Malmo, Sweden
Category Company
Founded 1881
Sector Chemicals
Employees1,500
Revenue 13.6B SEK (2017)
DESCRIPTION

Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.

DEAL STATS #
Overall 2 of 3
Sector: Chemicals M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
Country: Belgium M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Formox AB

Perstorp, Sweden

Formox is a leading global provider of catalysts, plant designs and licences for the manufacture of formaldehyde, an important chemical intermediate. It has developed a market leading range of novel metal oxide based catalysts for the production of formaldehyde from methanol and is the leading provider of process technology for metal oxide based formaldehyde production plants with an installed base of around 130 plants worldwide.

Sell kr1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Perstorp AB - CapaTM Caprolactone Division

Perstorp, Sweden

Perstorp AB - CapaTM Caprolactone Division is a provider in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO).

Sell €590M
Mergr

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