# Synthomer to acquire OMNOVA Solutions for $824 million

Synthomer plc announced a definitive agreement to acquire OMNOVA Solutions Inc., a global manufacturer of emulsion polymers, specialty chemicals and surfaces, for $10.15 per share in cash, implying an enterprise value of $824 million.

- Type: Acquisition
- Announced: 2019-07-03
- Where: United States
- Value: $824.0M
- Status: announced
- Products: emulsion polymers, specialty chemicals, surfaces
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Synthomer](https://endata.com/companies/22247.md) (acquirer)
- [Omnova Solutions](https://endata.com/companies/32974.md) (target)

## Sources

- [cravath.com](https://www.cravath.com/news-insights/synthomer-s-acquisition-of-omnova.html), 2019-07-03: "Synthomer plc announced that it has entered into a definitive agreement to acquire OMNOVA Solutions Inc."
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/synthomer--synt/acquisition/76801), 2019-07-03: "Synthomer is pleased to announce that it has reached an agreement with OMNOVA Solutions Inc. on the terms of a recommended acquisition."
- [prnewswire.com](https://www.prnewswire.com/news-releases/omnova-to-be-acquired-by-synthomer-plc-london-for-10-15-per-share-reports-fiscal-2019-second-quarter-earnings-300879738.html), 2019-07-03: "OMNOVA complements Synthomer culturally, geographically and by market, while Synthomer's financial position provides for a very strong combined company that will be well positioned to accelerate growth."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Synthomer-buy-Omnova/97/i27), 2019-07-05: "Synthomer says the purchase will create a global specialty chemical company with a broad range of polymer chemistries."
- [tyrepress.com](https://www.tyrepress.com/2019/07/synthomer-acquisition-values-omnova-at-654-million/), 2019-07-08: "This transaction is an important step in the continued execution of Synthomer's strategy with an acquisition that is both strategically and financially compelling."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/97056-synthomer-announces-agreement-to-acquire-omnova-solutions), 2019-07-10: "This transaction is an important step in the continued execution of Synthomer's strategy with an acquisition that is both strategically and financially compelling."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.