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Comment Business & Economics

Yule Catto to purchase PolymerLatex

By Gerald Ondrey |

Yule Catto & Co. plc (Harlow, U.K.; www.yulecatto.com) has agreed to acquire PolymerLatex GmbH (Marl, Germany; www.polymer-latex.de) from TowerBrook Capital Partners. The transaction, which is subject to the necessary regulatory and shareholder approvals, is expected to be completed during Q2, 2011. Yule Catto is already the owner of the Synthomer polymers business, and this acquisition will bring together two well-established companies with a combined turnover of approximately £800 million 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. This major transaction will result in a new business with the market expertise, geographic reach, manufacturing capabilities and an experienced R&D team to provide customers with a broader range products supported by an extensive manufacturing network. Adrian Whitfield, Yule Catto Group CEO, commented, “The combination of Synthomer’s polymer business and Polymer Latex will create a business of great potential to our…
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