Home | Region: EMEA Company Markets & Products Careers Investor Relations Investor Relations Acquisition of Omnova Solutions Inc. Acquisition of Eastman Chemical Company Adhesive Resins Business Latest RNS Investor Relations Acquisition of Omnova Solutions Inc. Omnova is a US based specialty chemical company which develops, manufactures and markets emulsion polymers, speciality chemicals and decorative products and provides engineered surfaces for various commercial, industrial and residential end uses. On completion of the acquisition of Omnova, Synthomer will strengthen further its position as a major global player in water-based polymer solutions, with best-in-class process technology and a strong R&D platform with global geographic coverage and increased customer proximity. 2nd April 2020 - Completion of OMNOVA Solutions acquisition Synthomer today announces that it has completed its acquisition of OMNOVA Solutions Inc (‘OMNOVA’). The transaction creates a global speciality chemicals company with significant scale and a strong platform from which to invest in future growth. Synthomer becomes a major world-wide player in water-based polymer solutions with greater customer reach and strong operational capabilities and will be in a stronger position to invest in growth, innovation, and people. The acquisition materially strengthens Synthomer's presence in North America, as well as increases its presence in Europe and Asia, including further penetration into the high growth Chinese market. Synthomer intends to utilise best practices from across the enlarged Group to improve productivity and service. The acquisition is expected to result in estimated recurring run-rate pre-tax cost synergies of US$29.6 million per annum by the end of the third year following completion. The acquisition is expected to be earnings accretive in the first full financial year following completion and strongly accretive thereafter. OMNOVA will be integrated into Synthomer accounts with immediate effect. Commenting, Calum MacLean, CEO of Synthomer said: “I am very grateful to everyone who has helped us complete our acquisition of OMNOVA in a relatively short time frame following the initial announcement of the transaction at the start of July. Synthomer now has global reach, a broader product portfolio and increased R&D capabilities with an exciting platform from which to attract talent and invest in future growth. We have already made strong progress to bring our businesses and I look forward to working closely with new colleagues around the world to take Synthomer forward.” 26th March 2020 15th January 2020 15th July 2019 10th July 2019 3rd July 2019 home » Investor Relations » Acquisition of Omnova Solutions Inc. © 2021 synthomer plc QUICKLINKS Modern Slavery Act Legal Notice Cookie Policy Privacy Policy Sitemap CONTACT US MEDIA CHANNELS 6