Synthomer Selling Czech Acrylate Monomers Business to Mutares

Synthomer has agreed to sell its Czech-based acrylate monomers business to German investment firm Mutares SE & Co. KGaA. The business, which operates in Sokolov, Czech Republic, is a supplier of acrylic acid and related monomers to the European merchant market and employs around 300 people. The sale is part of Synthomer’s strategy to simplify its portfolio and focus on higher-margin specialty chemicals. The business was identified as non-core during a strategic review launched in October 2022 and is Synthomer’s only remaining upstream asset. For the year ended 31 Dec 2025, the business generated external sales of €68 million and recorded a standalone adjusted loss (EBITDA) of €10 million. The transaction is expected to complete at the end of the third quarter of 2026, subject to customary closing conditions. Mutares described the acquisition as a “strategic platform investment” for its Chemicals & Materials segment and said it saw “substantial operational and commercial optimisation potential and a clear path towards profitable growth.”