Industry News

Synthomer Sells Leuna Site to Alberdingk Boley

Published on 2018-01-08. Author : SpecialChem

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Synthomer has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price.

Site Acquired as Part of Hexion PAC Acquisition

The site will continue to manufacture products for Synthomer for an initial period prior to transferring the manufacture of product to the remaining Synthomer network.

The Leuna site was acquired as part of the Hexion PAC acquisition in 2016. The ongoing operational savings related to the sale of the site form the final part of the Group’s $12m synergy target relating to that acquisition.

Accordingly the sale will conclude the integration of Hexion PAC into the Synthomer Group.

Source: Synthomer
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