Synthomer Finalizes Divestment, Reduces Debt

Synthomer plc (GB:SYNT) has released an update.

Synthomer plc has successfully completed the sale of its latex compounding operations to Matco NV for approximately €27.5 million, a deal which aligns with an enterprise value to EBITDA ratio of 6 times. The transaction, which includes three manufacturing sites across the Netherlands and Egypt, is anticipated to yield a modest profit and assist in reducing the Group’s overall net debt.

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