Synthomer has completed the acquisition of Eastman’s Adhesive Resins business for USD 1bn.
The acquired business will form a new division within Synthomer called Adhesive Technologies.
New Portfolio Offers Greater scale and Diversity
The business has a position in the global adhesives market which is exposed to attractive end-markets with resilient GDP+ growth fundamentals. Furthermore, Synthomer now has an expanded geographic footprint, increased R&D capability and a portfolio that offers even greater scale and diversity.
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Our Adhesive Technologies division adds a new growth dimension to Synthomer. Its portfolio takes us into more specialized, more global and higher growth segments. Synthomer is confident that the company will be able to expand this part of our business significantly,” said Michael Willome, chief executive officer.
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I would like to extend a warm welcome to our new Adhesive Technologies employees around the world. I look forward to working together and realizing the value potential that lies ahead,” added Willome.
View Polyolefin grades from Eastman
Source: Eastman