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Synthomer Sells William Blythe Unit to Refocus on Core Specialty Chemicals Business

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Synthomer plc (LSE:SYNT) has announced the sale of its inorganic chemicals subsidiary, William Blythe Limited, to a combination of its current management and H2 Equity Partners for a total consideration of £30 million. The transaction, expected to close by the end of May 2025, is part of Synthomer’s broader strategy to streamline operations and sharpen its focus on high-growth specialty chemicals. Proceeds from the deal will be used to reduce net debt, supporting the company’s ongoing financial restructuring.

This divestment represents a key milestone in Synthomer’s strategic transformation, aimed at simplifying its portfolio and reinforcing its position in performance polymer markets. Despite the operational shift, the company continues to face financial headwinds, including pressure on profitability and cash flow. While recent management actions suggest confidence in long-term recovery, negative market momentum and valuation challenges have dampened investor sentiment.

About Synthomer plc

Synthomer is a global producer of high-performance polymers and ingredients, supplying industries such as coatings, adhesives, construction, and healthcare. Headquartered in London, the company has been listed on the London Stock Exchange since 1971 and employs around 4,000 people across 31 production sites and five innovation centers. Synthomer focuses on sustainable innovation, with a growing share of revenue coming from patented and environmentally aligned products.

  • Year-to-Date Performance: -42.24%

  • Average Daily Trading Volume: 797,904 shares

  • Technical Rating: Buy

  • Market Capitalization: £152.1 million

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