# Surteco acquires Omnova's laminates and performance films business for $255M

Surteco Group SE, via its subsidiary Surteco North America Inc., signed an agreement to acquire the 'Laminates and performance films and coated fabrics' business from Synthomer plc's subsidiary Omnova Solutions Inc. for $255 million. The business employs about 880 people in the USA and Thailand.

- Type: Acquisition
- Announced: 2022-12-13
- Where: USA and Thailand, United States
- Value: $255.0M
- Jobs: 880
- Status: announced
- Products: laminates, performance films, coated fabrics
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Synthomer](https://endata.com/companies/22247.md) (partner)
- [Synthomer](https://endata.com/companies/22247.md) (target)
- [Omnova Solutions](https://endata.com/companies/32974.md) (target)
- [Surteco Group](https://endata.com/companies/67271.md) (acquirer)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/surteco-group-se-acquisition-of-the-laminates-and-performance-films-and-coated-fabrics-business-from-omnova-solutions-inc-a-subsidiary-of-synthomer-plc/f240d827-2179-49b6-9f0b-76df1a041c82), 2022-12-13: "The business units specialize in the production and sale of laminates, foils and vinyl-coated fabrics and employ a total of around 880 people at locations in the USA and Thailand."
- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/surteco-group-se-acquisition-of-the-laminates-and-performance-films-and-coated-fabrics-business-from-omnova-solutions-inc-a-subsidiary-of-synthomer-plc/f240d827-2179-49b6-9f0b-76df1a041c82_en), 2022-12-13: "SURTECO GROUP SE, via its subsidiary SURTECO North America Inc., USA, acquires the 'Laminates and performance films and coated fabrics' business from Synthomer plc´s subsidiary, Omnova Solutions Inc., USA."
- [ir.surteco.com](https://www.ir.surteco.com/news-detail/surteco-group-se-acquisition-of-the-laminates-and-performance-films-and-coated-fabrics-business-from/f240d827-2179-49b6-9f0b-76df1a041c82), 2022-12-13: "SURTECO GROUP SE, via its subsidiary SURTECO North America Inc., USA, acquires the 'Laminates and performance films and coated fabrics' business from Synthomer plc´s subsidiary, Omnova Solutions Inc., USA."
- [kunststoffweb.de](https://www.kunststoffweb.de/branchen-news/surteco_kauf_des_laminat-_und_foliengeschaefts_von_synthomer-tochter_t251765), 2023-01-18: "Surteco will with the acquisition strengthen its market position in North America and open up new target groups."

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