Styron begins operations as a leading materials company with global reach
Styron, a former business division of The Dow Chemical Company, announced the new company’s direction following the close of its sale to Bain Capital Partners on June 17.
As a standalone, privately held company, Styron will be a materials company with global reach and a unique product portfolio bringing together plastics, rubber and latex businesses that share feedstocks, operations, customers and end users. The company has approximately $3.7 billion in revenue (based on 2009 data), with 20 manufacturing sites and 1,900 employees based in 30 countries.
“Styron is a brand new global materials company that stands on seven decades of heritage – built upon a history of strengths in technology, application expertise, operations excellence, innovation and global reach,” said Christopher D. Pappas, President and Chief Executive Officer of Styron. “But while we’re proud of our past, it’s where we’re going that excites us the most. We bring the same world-class team our customers have come to trust -- talented employees with deep technical knowledge and experience. That same team is now fully dedicated to helping our customers stay at the forefront of their industries, and enabling them to turn their ideas into marketplace reality.”
“We believe strongly in Styron’s ability to realize its growth potential as a stand-alone global business, and to continue to build deep and lasting customer relationships,” said Steve Zide, a Managing Director at Bain Capital. “Styron has many significant assets, including a solid and innovative product portfolio and a long-term, value-added partnership with Dow. We look forward to working with Chris Pappas and the experienced management team to strengthen Styron’s leadership position, and to grow the business through geographic expansion and select acquisitions.”
Trinseo and API Applicazioni Plastiche Industriali S.p.A. have signed a definitive agreement for Trinseo to acquire API.
The transaction is expected to close in the third quarter of 2017, following customary closing conditions. Trinseo is funding the purchase of API’s shares through its exi ... more
Styron announced it has changed its name to Trinseo, effective February 1, 2015.
The name Trinseo comes from the word “intrinsic,” meaning something is essential and belonging by its nature. The new company name reflects how Trinseo’s technologies and materials play an intrinsic role in the ... more
Styron announced plans to expand its latex capacity at its Zhangjiagang, China production facility. The projected additional capacity of latex will help to better serve the growing demand for latex in China’s paper and paper board industry, which is projected to grow significantly over the ... more