Synthomer says it's not in talks about a possible offer

Synthomer said on Wednesday that it is not in talks about a possible offer for the company.

The firm's one line press release came after Bloomberg reported that private equity group CVC Capital Partners has been exploring a bid for the chemical producer.

According to Bloomberg, CVC Capital made an initial approach to Synthomer - which makes latex used in medical gloves - to gauge its interest in a deal. It was understood that the two parties aren’t currently holding any negotiations.