Synthomer plc recently announced that it has reached an agreement with OMNOVA Solutions Inc. on the terms of a recommended acquisition of the entire issued and to-be-issued share capital of OMNOVA. The acquisition is expected to be completed in late 2019/early 2020 following receipt of regulatory approvals and satisfaction of other closing conditions.
OMNOVA is a supplier of emulsion polymers, specialty chemicals, and functional and decorative surfaces. It offers a wide range of technical solutions for industries such as coatings, adhesives, oilfield, paper, carpet, and laminates. The business employs approximately 1,900 people and operates 13 sites across the U.S., Europe, and Asia.