Global Team Leads on $1 Billion Chemicals Acquisition

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A Squire Patton Boggs team spanning nine offices served as lead US and deal counsel to global chemicals company Synthomer plc in its agreement to acquire the Adhesive Resins business of Eastman Chemical Company for $1 billion in cash.

This is the second billion dollar chemicals deal Squire Patton Boggs handled in the last two months following its work for long-time client Ashland Global Holdings Inc. in the sale of its performance adhesives business to specialty chemicals and advanced materials manufacturer Arkema in an all-cash transaction valued at approximately $1.65 billion.

Partners Carolyn Buller, Jonathon Whittlesey and Molly McNally led the Squire Patton Boggs deal team for Synthomer. James McKay (relationship partner), Thomas Reems, Dan Roules, Ryan Chen, Jose Martin, Laura Aber and Vivien Zhu (Corporate); Allen Kacenjar and Erik Lange (Environmental), Mitch Thompson and Carl Draucker (Tax); Megan Hill (L&E), Pat Burke (FinServe), Kate Pennartz (Real Estate); Ivan Rothman (IP); Chris Gordon and Peter Alfano (Competition) provided support on the matter.

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