Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced it has completed the acquisition from Dow (NYSE: DOW) of latex production facilities and related infrastructure at Rheinmunster, Germany.
The transaction includes full ownership and operational control of both latex production facilities at Rheinmunster, as well as site infrastructure and services contracts, and approximately 108 employees who have transferred from Dow to Trinseo.
“The completion of this acquisition is directly aligned with Trinseo’s strategy to grow its Latex Binders business in applications serving the coatings, adhesives and sealants markets, as well as specialty paper,” said Frank Bozich, President and CEO of Trinseo. “The Rheinmunster site is well positioned for future expansion, and is ideally located to serve many of our European customers. With these acquired assets, we will further enhance our product offerings to provide advanced solutions and chemistries that are required by our customers in attractive growth segments.”
The acquisition enhances Trinseo’s production network across Europe – including an existing Trinseo latex production plant in Rheinmunster, Germany, as well as operations in Hamina, Finland; Norrkoping, Sweden; and Terneuzen, The Netherlands. Together this grid of latex binders production facilities allows Trinseo to supply customers all across Europe, the Middle East and northern Africa.
About Trinseo
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees. For more information visit www.trinseo.com.
Note on Forward-Looking Statements:
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