Mutares to Acquire Synthomer a.s. from Synthomer plc

Mutares SE & Co. KGaA, a diversified industrial group, announced Wednesday it has signed an agreement to acquire Synthomer a.s., comprising the Danish and Norwegian operations of Synthomer plc. The acquisition is set to bolster Mutares' Chemicals & Materials business segment.

While specific financial terms of the deal were not disclosed, the move indicates Mutares' strategy to expand its footprint in the Nordic region within its existing portfolio segments. This acquisition aligns with Mutares' ongoing approach of acquiring non-core assets from larger corporations and integrating them into its operational structure to drive growth.

The company typically focuses on businesses where it can implement operational improvements and strategic repositioning. Synthomer plc, on the other hand, has been streamlining its portfolio, focusing on its core competencies. This divestment is consistent with that strategy.

Mutares has been active in the Chemicals & Materials sector, and this acquisition is expected to enhance its market position and capabilities. The company anticipates closing the transaction in the coming months, subject to customary closing conditions.

Further details regarding the integration process and the specific contribution of Synthomer a.s. to Mutares' overall performance are expected to be provided following the completion of the acquisition.