Acquisition

RNS Number : 9867U

Synthomer PLC

22 October 2014

 



22^nd October 2014

Synthomer plc

Synthomer acquires full ownership of Eka Synthomer Oy

Synthomer plc today announces that it has acquired the remaining 50% of Eka Synthomer owned by Akzo Nobel, its joint venture partner since 2011, for a total consideration of Euro 5 million.

Eka Synthomer is based in Finland and produces and sells high quality styrene-butadiene latex products for the paper and board industry mainly in Nordic countries. It is one of the leading paper latex producers in Europe.

Commenting on the transaction Adrian Whitfield, Chief Executive, said:

"This transaction is consistent with our strategy and represents another logical step in the consolidation of the European SBR latex market."

-ENDS-

Enquiries:

Adrian Whitfield, Chief Executive Officer	Charles Armitstead / Rebecca Hall
David Blackwood, Chief Financial Officer	Pendomer Communications
Tel: [phone]	Tel: [phone]

 

END

 

 

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