Synthomer announces it has agreed to acquire Adhesive Resins business of Eastman Chemical Company

London, 28.10.2021

Synthomer plc today announces it has agreed to acquire the Adhesive Resins business ("Adhesive Technologies") of Eastman Chemical Company ("Eastman"), which develops, manufactures and sells tackifying resins and additives for adhesive products, with a strong focus on attractive end markets such as hygiene, packaging and high-performance tyre additives, for $1 billion in cash (the "Acquisition").

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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.