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Last checked at 
22 Oct 2014 15:00
22nd October 2014
Synthomer plc
Synthomer acquires full ownership of Eka Synthomer Oy
Synthomer plc today announces that it has acquired the remaining 50% of Eka Synthomer owned by Akzo Nobel, its joint venture partner since 2011, for a total consideration of Euro 5 million.
Eka Synthomer is based in Finland and produces and sells high quality styrene-butadiene latex products for the paper and board industry mainly in Nordic countries. It is one of the leading paper latex producers in Europe.
Commenting on the transaction Adrian Whitfield, Chief Executive, said:
"This transaction is consistent with our strategy and represents another logical step in the consolidation of the European SBR latex market."
-ENDS-
Enquiries:
Adrian Whitfield, Chief Executive Officer | Charles Armitstead / Rebecca Hall |
David Blackwood, Chief Financial Officer | Pendomer Communications |
Tel: 01279 442791 | Tel: 020 3603 5220 |
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