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Yule Gatto to Acquire Adhesive Manufacturer PolymerLatex

Published on 2010-12-14. Author : SpecialChem

HARLOW -- Yule Catto & Co plc has agreed to acquire PolymerLatex from TowerBrook Capital Partners. The transaction, which is subject to the necessary regulatory and shareholder approvals, is expected to be completed during Q2,2011.

Yule Catto is already the owner of the Synthomer polymers business, and this acquisition will bring together two well established companies with a combined turnover of approximately t800 Million and employing more than 2000 people. Synthomer and PolymerLatex are important suppliers of emulsion polymers, which are used to manufacture a wide range of everyday products including paints and coatings; adhesives; construction products; synthetic latex gloves; paper and textiles; floor coverings and PVC.

This major transaction will result in a new business with the market expertise, geographic reach, manufacturing capabilities and an experienced R&D team to provide customers with a broader range products supported by an extensive manufacturing network.

Adrian Whitfield, Yule Catto Group Chief Executive, commented, "The combination of Synthomer's polymer business and Polymer Latex will create a business of great potential to our customers, our people, our shareholders and the communities in which we operate. We look fonruard to learning from each other and building a business that combines the best of both companies."

About PolymerLatex

PolymerLatex was created in 1996 as a joint venture of the Bayer, Hüls (today Evonik) and Röhm companies' dispersions divisions. Today we combine 50 years experience in the emulsion polymerisation sector with the dynamism of a lean fit company which is able to swiftly make decisions, maintain the highest standards of quality yet maintain focus on the customer with one aim: your success. To achieve this we have both, the most modern, highly automated technologies, and 600 committed employees

Source: PolymerLatex


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