# Synthomer agrees to purchase Omnova Solutions for $824 million

British specialty polymer manufacturer Synthomer agreed to acquire Ohio-based Omnova Solutions for $10.15 per share in an all-cash transaction, with an enterprise value of nearly $824 million including debt assumption of about $351 million.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Ohio, United States
- Value: $824.0M
- Status: announced
- Products: specialty polymers
- 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

- [doi.org](https://doi.org/10.1016/s0306-3747(19)30194-0), 2019-10-01: "British speciality polymer manufacturer Synthomer has agreed to purchase Ohio-based company Omnova Solutions for US$10.15 per share in an all-cash transaction."
- [prnewswire.com](https://www.prnewswire.com/news-releases/omnova-solutions-shareholders-approve-merger-agreement-with-synthomer-plc-300936613.html), 2019-10-10: "We are pleased that OMNOVA shareholders have overwhelmingly supported the pending merger with Synthomer, which represents a tremendous strategic and value-creating opportunity."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/5111-news?page=348), 2019-11-06: "Synthomer plc recently announced that it has received conditional clearance from the European Commission regarding its proposed acquisition of OMNOVA Solutions Inc."

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