1st Jul 2016 06:32
LONDON (Alliance News) - Specialty chemicals company Synthomer PLC on Friday affirmed its expectations for 2016 as it completed the acquisition of Hexion Performance Adhesives & Coatings.
The FTSE 250-listed company, which supplies latices and emulsion polymers, said its outlook for 2016 is unchanged and trading has been in line with its expectations in the first half. It will publish interim results on August 9.
Synthomer also said it has completed the USD226.0 million purchase of Hexion PAC from US-based chemicals company Hexion Inc. The deal will boost its position in the performance adhesives and coatings market, adding new products and customers to its books.
By Sam Unsted; [email protected]; @SamUAtAlliance
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