LONDON (Dec. 14, 2010) — Yule Catto & Co. p.l.c. has agreed to acquire PolymerLatex from TowerBrook Capital Partners.
The transaction, which is subject to the necessary regulatory and shareholder approvals, is expected to be completed during the second quarter of 2011.
Yule Catto is already the owner of the Synthomer polymers business. This acquisition will bring together two well established companies with a combined turnover of about $1.3 billion and employing more than 2,000 people.
Synthomer and PolymerLatex are important suppliers of emulsion polymers, which are used to manufacture a wide range of everyday products including paints and coatings, adhesives, construction products, synthetic latex gloves, paper and textiles, floor coverings and PVC.