Yule Catto & Co. Plc recently announced it has completed the acquisition of PolymerLatex from Towerbrook CapitalPartners. The acquisition brings Synthomer and PolymerLatex under the same ownership, creating an emulsion polymers group with a combined turnover in excess of £1 billion (~ $1,655 billion). Yule Catto has named Derick Whyte CEO of the combined business operations, which employs 1,900 people across 18 production sites, R&D laboratories, and sales offices globally.
“This is a winning combination with a strong technical heritage, excellent customer goodwill, and a superb production and sales network staffed by highly capable people,” Whyte said. “I believe this will ensure that the new Synthomer will be the partner of choice for customers across the globe and we very much look forward to serving them.”
For more information, visitwww.polymerlatex.com.
Yule Catto Acquires PolymerLatex
May 6, 2011