Global law firm White & Case LLP has advised Synthos S.A., one of the largest manufacturers of chemical raw materials in Poland and Europe’s leading manufacturer of emulsion rubbers, on the acquisition from INEOS Enterprises of the INEOS Styrenics business, a leading producer of high quality expandable polystyrene for the building, construction and packaging industries.

The transaction, valued at €80 million, is expected to be finalized during the second half of 2016, following relevant approvals from the competition authorities. It includes the indirect acquisition of shares in the INEOS Styrenics subsidiaries in France, the Netherlands and Turkey, as well as the assets of Switzerland-based INEOS Styrenics International SA.

The White & Case team which advised on the transaction was led by local partner Andrzej Sutkowski (Warsaw) and partner David Crook (London), and included partners Peita Menon (London) and Nathalie Negre Eveillard (Paris), local partner Rafał Kamiński (Warsaw), counsel Jakub Gubański (Warsaw) and Tallat Hussain (London) and associates Jacek Polewski, Monika Dużyńska, Iwo Małobęcki (all Warsaw), Laura Hoyland, Hyder Jumabhoy, Stephen Carlton (all London), Valerie Menard, Anne Petitjean, Delphin Boucher, Caroline Lyannaz, Louis Feuillee (all Paris), Ceylan Kara and Eylul Topanoglu (both Istanbul).