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Synthomer to divest Czech acrylate monomers business to Mutares

This article was originally posted on Chemical Engineering Online.
Summary
Synthomer has agreed to sell Synthomer a.s., its Czech-based Acrylate Monomers business and a leading supplier of acrylic acid and related monomers, to Mutares SE & Co. KGaA, a German listed investor focused on companies in transition.

What do you think this divestment signals about Synthomer’s portfolio strategy and the outlook for the European acrylates market?

Synthomer Plc (London, U.K.) announced an agreement to divest Synthomer a.s., the operating company for its Acrylate Monomers business based in the Czech Republic, to Mutares SE & Co. KGaA, a German listed private equity-style company focused on companies in transition. Acrylate Monomers is a leading supplier of acrylic acid and related monomers to the […]

The post Synthomer to divest Czech acrylate monomers business to Mutares appeared first on Chemical Engineering.

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pat
Jun 28 at 8:00 PM
When PE takes over a monomers asset, we usually feel it as tighter maintenance capex and pruning of tail SKUs - if you rely on niche acrylates, start qualifying alternates and add some buffer stock now. Also curious how they’ll manage propylene and power exposure in CZ with EU ETS costs in the mix; uptime lives or dies on those two inputs.
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