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Completion of the acquisition of OMNOVA is expected in late Q1 2020.
January 16, 2020
By: Anthony Locicero
Copy editor, New York Post
Synthomer plc received conditional clearance from the European Commission regarding its proposed acquisition of OMNOVA Solutions Inc. Following its Phase 1 investigation, the European Commission concluded that the transaction, as modified by the commitments offered by Synthomer, does not raise any competition concerns. The commitments require divestment of Synthomer’s small VP Latex business in Germany. The VP Latex business represented less than 0.5% of Synthomer’s 2018 sales volume. Whilst...
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