PISCHELSDORF, Austria—Synthomer P.L.C. has acquired BASF Pischelsdorf, the company's Austrian styrene butadiene rubber business.
The firm said in a Sept. 28 news release that the business, with about $35.4 million in sales, produces SBR from its site in Pischelsdort, which is used in the paper industry, notably in packaging end-markets.
According to Synthomer, the purchase will enhance its SBR business and production network for paper/packaging applications while also increasing its access to "attractive new opportunities across Europe."
The bolt-on acquisition is expected to be finalized early in 2018 following regulatory approvals and other closing conditions.