Completion of the acquisition of BASF Pischelsdorf, Austria SBR Business

London, 01.02.2018



Further to the announcement on 27 September 2017, Synthomer plc (LSE: SYNT) (‘Synthomer’ or the ‘Group’) today announces that it has successfully completed the acquisition of the BASF Austrian SBR business and assets (the ‘Business’). The enterprise value of €30 million was fully funded from existing resources.

The Business produces Styrene Butadiene Rubber (“SBR”) used in the paper industry, notably in packaging end-markets. The Business operates from one site in Pischelsdorf, Austria. The Pischelsdorf, Austria SBR Business is fully integrated as of today within Synthomer’s SBR business and production network for paper/packaging applications. 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.

  

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Enquiries:

Stephen Bennett, Chief Financial Officer                            Tel: 01279 436211

Charles Armitstead, Teneo Blue Rubicon                            Tel: 020 3603 5220

About Synthomer:
Synthomer develops and markets polymers used in a wide range of industries to create and enhance everyday consumer products. It holds leading positions in their chosen markets and have a proven record to generate added value to its customers through in-depth application know-how and strong R&D support.