ESSEX, England (April, 1, 2011)—Yule Catto & Co. P.L.C. has completed the acquisition of PolymerLatex GmbH from Towerbrook CapitalPartners.
This acquisition brings Synthomer Ltd. and PolymerLatex under the same ownership and creates an emulsion polymers group with a combined turnover of more than $1.6 billion.
Yule Catto has named Derick Whyte as CEO of the combined business operations, which employ 1,900 people working across 18 production sites, R&D laboratories and sales offices globally.