Merger: Commission conditionally approves Synthomer’s acquisition of Omnova

The Commission has approved the proposed acquisition of Omnova by Synthomer, both manufacturers of specialty chemicals. This is, however, conditional on Synthomer’s compliance with the condition to divest its global VP Latex business through the full transfer of technology brands, manufacturing equipment, and other intangible assets, to another manufacturer.

This was necessary for the Commission’s concerns of the proposed transaction between the only two players with production capacity in the EEA in a highly concentrated market.

The Commission’s press release of yesterday is accessible here.