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EU Clears Synthomer Acquisition of Omnova, With Conditions

Jan 15, 2020 - Legal Week
Mergers and Acquisitions

The European Commission has cleared U.S. chemical company Synthomer to acquire U.K.-based vinyl maker Omnova under certain conditions.

Synthomer has agreed to sell off its vinyl pyridine (VP) latex business before the merger receives final approval.

"Specialty chemicals, including vinyl pyridine latex, are essential inputs in many consumer products, notably in the production of tires for the automotive industry," EU antitrust chief  Margrethe Vestager said in a statement. "...