News by Synthomer 6

Synthomer plc announces an agreement to divest Synthomer a.s., the operating company for its Acrylate Monomers business based in the Czech Republic, to Mutares SE & Co. KGaA, a German listed private equity-style company focused on companies in transition.

Acrylate Monomers is a supplier of acrylic acid and related monomers to the European merchant market and has c.300 employees based at its manufacturing site in Sokolov, Czech Republic. The site also supports some of the Group’s downstream needs including as a supplier of acrylic monomers to Group companies and producing acrylic dispersions on behalf of the Group. These supply arrangements will continue under the new ownership.