Synthomer

#5466

Rank

$541.34M

MarketCap GB

GB United Kingdom

Country

Summary
Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications. It also provides binders for various carpets; synthetic binders for graphic, packaging, and specialty paper coating applications; paper coating additives and plastic pigments; binders, dispersions, water-based and solvent-borne resins, and other products for various coating applications; foamed bedding products and footwear; elastomeric modifiers for thermoplastics and friction components; reinforcement resins for rubber compounds; and latex for tire cord. In addition, the company offers compounds and aqueous curing pastes for carpets and other applications; acrylic monomers for enhancing the performance characteristics of polymer formulations; antioxidant products; latices for medical examination, clean room, food handling, chemotherapy drug handling, chemical laboratory, and medical device and balloon applications; and nitrile latex, which enhance performance of industrial and fabric-supported gloves. Further, it provides liquid polybutadienes, polyvinyl alcohol suspending agents, polyvinyl acetates, thermosetting resins, butyl ethyl propanediol, and inorganic materials for various industrial applications; and coalescing agents for enhancing the properties of coatings. The company was formerly known as Yule Catto & Co. plc and changed its name to Synthomer plc in 2012. Synthomer plc was founded in 1863 and is headquartered in London, the United Kingdom.

History

The company traces its roots back to 1863, when Andrew Yule founded a trading house known as Andrew Yule & Co. in Calcutta. At the same time Andrew's brother, George Yule, set up George Yule & Co. in London, which acted as British agency arm of Andrew Yule & Co.When in 1919 Andrew Yule & Co. and George Yule & Co. were sold to the US banking group J.P. Morgan & Co. and its British merchant banking affiliate Morgan Grenfell & Co., both were turned from a partnership into a private limited company. That same year Thomas Catto was sent to India to take over the management of the firm from Sir David Yule , a nephew of Andrew Yule. David Yule continued to hold the title of Chairman but had no active part in the operations of the business.In 1920 Thomas Catto and David Yule changed the name of the British purchasing arm of Andrew Yule & Co., George Yule and Company, to Yule, Catto & Company Ltd. Due to increased taxation, the devaluation of the Indian rupee and the abolition of the managing agency system, Yule, Catto & Co decided in 1969 to sell its shareholding in Andrew Yule & Co. to the Indian government.With the acquisition of Revertex Chemicals in 1980, Thomas Catto's son, Stephen started to turn Yule Catto & Co. into an international speciality chemicals and building products manufacturer. Since 2007 the group has been transformed from a diversified chemical business to a focussed speciality polymer business. In 2012 the company changed its name to Synthomer on the basis that the majority of its business already traded under that name.In July 2019, Synthomer announced that it was going to buy OMNOVA Solutions for an enterprise value of $824 million; the transaction was completed on 2 April 2020.In October 2021, Synthomer announced the acquisition of Eastman Chemical adhesive activities for $1 billion.


Mission
Synthomer’s mission is to create value for customers, employees, and shareholders through our innovative and sustainable chemistry solutions, as well as to take responsibility for the environment, our employees, and the communities where we operate.

Vision
Synthomer’s vision is to be the leader in the manufacture and supply of innovative and sustainable chemistry solutions.

Key Team

Mr. Marshall D. Moore (CTO & Pres of Americas)

Mr. Anant Prakash (Chief Counsel & Company Sec.)

Mr. Tim Hughes (Pres of Corp. Devel.)

Ms. Alice L. M. Heezen-Dokianos (Chief HR Officer)

Mr. Richard Collier Atkinson (Exec. Officer)

Mr. Neil Whitley (Pres of Performance Elastomers Division, Asia, M&A and HR)

Mr. Rob Tupker M.B.A., M.Sc. (Pres of Functional Solutions & Europe)


Recognition and Awards
Synthomer plc has been recognized and awarded for its technical excellence and customer service, as well as for its sustainability efforts. The company is a two-time winner of the Queen's Award for Enterprise and Innovation and has been the recipient of numerous other awards and accolades.

References
Synthomer
Leadership team

Mr. Michael Willome lic. oec. HSG (CEO & Exec. Director)

Ms. Lily Liu (CFO & Director)

Mr. Philip Wrigley (Pres of Operations & SHE)

Products/ Services
Chemical, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Harlow, Essex, United Kingdom
Established
1908
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SYNT.L
Mon Feb 26 2024
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