Synthomer acquires BASF Austrian SBR business and assets

October 4, 2017

Synthomer-acquires-BASF-Austrian-SBRSpecialty chemicals company Synthomer has acquired BASF Austrian SBR business and assets (“the business”) for EUR30 million.

The Business produces Styrene Butadiene Rubber (“SBR”) used in the paper industry, notably in packaging end-markets. It operates from one site in Pischelsdorf, Austria.

The acquisition will enhance Synthomer’s SBR business and production network for paper/packaging applications as well as increase the group’s access to attractive new opportunities across Europe.

“This is another bolt-on acquisition that represents an excellent fit for Synthomer. It underscores our long term commitment to our customers in the paper industry, whilst providing us with an additional site to strengthen our network and stronger access to growing packaging end-markets in Europe,” Calum MacLean, Chief Executive Officer of Synthomer, said.

“We look forward to welcoming our new colleagues and integrating the business into our European network in the first half of next year,” he added.

The acquisition is expected to complete early in 2018 following receipt of regulatory approvals and satisfaction of other closing conditions.

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International Rubber Prices
(as of 05, December 2017)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

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