Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Synthomer Completes OMNOVA Solutions Acquisition - Coatings World

What are you searching for?

Sign in
Breaking News, Industry News

Synthomer Completes OMNOVA Solutions Acquisition

OMNOVA will be integrated into Synthomer accounts with immediate effect.

Author Image

By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

Synthomer announced the completion of its acquisition of OMNOVA Solutions Inc.

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.

The acquisition is expected to result in estimated recurring run-rate pre-tax cost synergies of $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.

“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 CEO Calum MacLean said. “Synthomer now has a 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.”

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters

Topics