Synthos plans US acquisition

Major Polish chemical manufacturer Synthos is in talks to acquire a US company, the Polish firm’s management board member Tomasz Piec told daily Parkiet. The target company operates in the petrochemical complex in the south of the USA. “We have several rivals, but I hope that we will manage to finalize the acquisition before the end of this year,” Piec said. He declined to provide further details. The company’s management sees perspectives on the US market, especially due to the development of the country’s tire industry. In the coming years, Synthos wants to expand it activity in the USA, Piec added.