About Synthomer
Synthomer is a publicly listed company based in London (United Kingdom) founded in 1863, and was acquired by Mutares in June 2026. Developer and supplier of acrylic and vinyl emulsions polymers. Synthomer has raised $370 million across 3 funding rounds from investors including Mutares. The company has 4,100 employees. Synthomer has completed 2 acquisitions, including OMNOVA and Perstorp. Its chief executive, as recorded, is Calum Maclean. Its website synthomer.com draws about 33 thousand monthly visits. Its Indian entity Synthomer India Trading Llp reported revenue of ₹2.80 Cr. Its focus areas include Chemicals and Materials, Polymers and Diversified Materials.
Company details
Synthomer develops and supplies acrylic and vinyl emulsions polymers. Its polymers have application in developing coatings, construction materials, textiles, paper, and synthetic latex gloves. Additionally, it develops PSA packaging tapes, sealants, glues, carpets, coatings, additives, flooring adhesives, technical textiles, etc. The company acquired Hexion in 2016 for its adhesives and coatings business.
- Headquarters London, United Kingdom
- Employees 4,100
- Stage Public
- SectorsChemicals & Materials
- Website synthomer.com
- Social LinkedIn X
- Acquired by Mutares (Jun 2026)
- Legal Name Synthomer Plc
- Indian entity revenue₹2.80 Cr
FY 2023 · +89% YoY
- Indian entity net profit₹14.1 Lakh
FY 2023 · 5% margin
- Indian entity EBITDA₹34.3 Lakh
FY 2023 · 12% margin
- Total Equity Funding$370M (USD)
in 3 rounds
- Latest Funding Round$981.36K (USD), Grant
Jul 2020
- Investors
- Employee Count4,100
- Investments & AcquisitionsOMNOVA
& 1 more
- Acquired byMutares
(Jun 2026)
Associated legal entities of Synthomer
Synthomer operates through Synthomer India Trading Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Synthomer India Trading Llp CIN AAG-3744 | Active | 13 May 2016 | Mumbai, Maharashtra | ₹2.8 Cr | 2 | View details |
Funding Insights of Synthomer
Synthomer has successfully raised a total of $370M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $981.36 thousand completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $370M
- Total Rounds 3
- Last Round Grant — $981,358
- First Round $370M
(Jun 2016)
All 3 funding rounds of Synthomer with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $981,358 | Grant | – | – | – |
| Jun 2018 | $699.35M | Debt – Conventional | – | – | – |
| Jun 2016 | $370M | Private Equity Round | – | – | – |
1 investors in total: 1 institutional.
Investors in Synthomer
Synthomer has secured backing from 1 investor. Prominent investors backing the company include Mutares.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on investing through acquisitions | 2008 | mutares.com | Munich, Germany |
Investor details for Synthomer
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Board of directors of Synthomer India Trading Llp (Synthomer)
Synthomer India Trading Llp is the primary company behind Synthomer. The board of Synthomer India Trading Llp currently have 2 directors; the longest-serving is Anant Prakash, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anant Prakash DIN 10262924 | Designated Partner | 01 Aug 2023 | 3 yrs 3 mo | Synthomer India Trading Llp |
| Ravi Pandey DIN 10262943 | Designated Partner | 01 Aug 2023 | 3 yrs 3 mo | Synthomer India Trading Llp |
People of Synthomer
184 people are tracked at Synthomer (67 in leadership, 117 in team); the tracked headcount is 4,100.
| Name | Role | Group |
|---|---|---|
Calum Maclean | CEO | Leadership |
Bryan Corbin | Director Of Financial Planning And Analysis | Leadership |
Edgar van Velsen | Vice President HR Coatings & Construction Solutions And EMEA | Leadership |
Daniel Dunmeyer | Human Resources Director | Leadership |
Richard Atkinson | Chief Counsel & Company Secretary | Leadership |
Jeffrey Scranton | VP Finance Adhesive Solutions | Leadership |
Sally Gladwin | Head Of Trade Operations & Benelux Logistics | Leadership |
Joshua Edlington | Business Director | Leadership |
Lee Pheng Chee | Engineering & Technology Director, Health & Protection | Leadership |
Paula Milne | Head Of AP - Europe & Americas Financial Shared Services | Leadership |
Kris Randell | Corporate Functions Program Deployment Director | Leadership |
Adrian Moody Tech Iosh | Head Of SHE & Risk Compliance Asia | Leadership |
Ananth Sundaram | Vice President, Polymers | Leadership |
Ana Perroni Laloe | President, Industrial Specialities | Leadership |
Michael Willome | CEO | Leadership |
Rob Tupker | President, Functional Solutions & Europe | Leadership |
Lily Liu | CFO | Leadership |
Jan Chalmovsky | President, Strategy & M&A | Leadership |
Martha Xiao | Head Of HR | Leadership |
Sue Ratcliffe | Head Of Intellectual Property | Leadership |
164 more people are available in the full profile.
Complete people profiles for Synthomer
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IPO & Listings of Synthomer
Synthomer is a publicly listed company on the LSE with ticker symbol SYNT in UK, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date14 Oct 1971
- Listed onLSE: SYNT
- Listed entitySynthomer plc
- Exchange sectorProcess industries
- ISINGB00BNTVWJ75
- Share price105.80 GBX (+1.15% on the day) · 2026-10-14
- Market capitalisation171,485,106.00 GBX
- EPS (diluted, trailing year)-0.74 GBX
- Volume (last session)27,628
Financials of Synthomer
Figures of Synthomer India Trading Llp, the primary company behind Synthomer, for FY 2023. Revenue was ₹2.80 Cr (+89% year on year). Net profit was ₹14.1 Lakh (5% margin). EBITDA was ₹34.3 Lakh (12% margin). Revenue has grown at a compounded annual rate of +20% over three years and +9% over five years.
- ₹2.80 CrRevenue · FY 2023 · +89% YoY
- ₹14.1 LakhNet profit · 5% margin
- ₹34.3 LakhEBITDA · 12% margin
- +20%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.74B GBP | -157.0M GBP | 137.0M GBP |
| 2024 | 1.93B GBP | -72.6M GBP | 141.9M GBP |
| 2023 | 1.94B GBP | -67.0M GBP | 138.0M GBP |
| 2022 | 2.33B GBP | -32.5M GBP | 250.4M GBP |
| 2021 | 2.14B GBP | 208.7M GBP | 496.1M GBP |
Balance sheet, profit and loss, cash flow and ratios of Synthomer India Trading Llp are on its company page.
Detailed financial statements for Synthomer
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Investments & Acquisitions by Synthomer
Synthomer has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include OMNOVA and Perstorp.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Coated fabrics, performance films, and decorative laminates are manufactured. | omnova.com | Beachwood, United States | 1999 | Jul 2019 | $824M | |
Specialty chemicals and sustainable methanol are manufactured for various industries. | perstorp.com | Hassleholm, Sweden | 1881 | May 2017 | $87.38M |
Complete acquisition details for Synthomer
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Timeline of Synthomer
7 dated milestones of Synthomer across 163 years, from founding to its latest funding, stage changes and deals.
Web traffic of Synthomer
The website of Synthomer (synthomer.com) receives about 33.4K visits a month.
- Monthly visits33.4K
▲ 18.9% vs previous month
Websites whose visitors overlap most with Synthomer. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| borealisgroup.com | 100% | 108.2K | #347,311 | View details | |
rubbernews.com | rubbernews.com | 96% | #1,058,833 | – | |
| gellnerindustrial.com | 95% | #12,697,838 | View details | ||
coatino.com | coatino.com | 95% | #1,808,450 | – | |
vnci.nl | vnci.nl | 90% | #2,231,228 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Synthomer
Complete news archive for Synthomer
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Frequently Asked Questions about Synthomer
Synthomer was founded in 1863 and raised its 1st funding round 153 years after it was founded.
Synthomer is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Calum Maclean is the CEO of Synthomer, as recorded in our data.
Synthomer is a funded company, having raised a total of $370M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $370M, raised on Jun 2016.
Synthomer has 4,100 employees.
The primary company behind Synthomer, Synthomer India Trading Llp, reported revenue of ₹2.80 Cr for FY 2023, up 89% year on year.
Synthomer develops and supplies acrylic and vinyl emulsions polymers. Its polymers have application in developing coatings, construction materials, textiles, paper, and synthetic latex gloves. Additionally, it develops PSA packaging tapes, sealants, glues, carpets, coatings, additives, flooring adhesives, technical textiles, etc. The company acquired Hexion in 2016 for its adhesives and coatings business.
Yes, Synthomer is publicly traded on LSE under the ticker symbol SYNT.
Synthomer has 1 investor. Key investors include Mutares.
Synthomer operates through Synthomer India Trading Llp.
Yes. Synthomer was acquired by Mutares in June 2026.