# Synthomer sells laminates, films and coated fabrics business to Surteco Group for $255M

Synthomer announced the conditional sale of its laminates, films and coated fabrics businesses to Surteco Group for $255 million (£208 million). The transaction is expected to close in Q1 2023.

- Type: Acquisition
- Announced: 2022-12-13
- Where: Germany
- Value: $255.0M
- Jobs: 800
- Status: announced
- Products: laminates, films, coated fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [chemengonline.com](https://www.chemengonline.com/synthomer-divests-laminates-films-and-coated-fabrics-business-unit/?printmode=1), 2022-12-13: "This divestment is consistent with our recently announced strategy to increase the specialty weighting of our portfolio and focus on higher value, higher growth markets where we have strong and sustainable leadership positions."

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