# Synthomer to sell laminates, films and coated fabrics businesses to Surteco North America for $255M

Synthomer plc agreed to sell its laminates, films and coated fabrics businesses to Surteco North America, Inc. for a total enterprise value of approximately US$255 million (£208 million). The net proceeds are expected to be approximately US$245 million.

- Type: Acquisition
- Announced: 2022-12-13
- Value: $255.0M
- Status: announced
- Products: laminates, films, coated fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Synthomer](https://endata.com/companies/22247.md)
- [Synthomer](https://endata.com/companies/22247.md) (target)
- [Surteco North America](https://endata.com/companies/67274.md) (acquirer)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/index.php/announcement/rns/synthomer--synt/proposed-sale-of-laminates-films-coated-fabrics/7407047), 2022-12-13: "Synthomer plc today announces it has agreed to the sale of its laminates, films and coated fabrics businesses to Surteco North America, Inc."
- [markets.ft.com](https://markets.ft.com/data/announce/full?dockey=1323-15754996-296E849R3FJUBBLNUV4P3L2T8U), 2022-12-13: "Synthomer plc today announces it has agreed to the sale of its laminates, films and coated fabrics businesses to Surteco North America, 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.