trinseo – Rubber World – The Technical Service Magazine for the Rubber Industry

May 21, 2021May 21, 2021 RubberWorld 914 Views synthetic rubber, synthos, trinseo

Trinseo announces sale of synthetic rubber business to Synthos S.A. for $491 million

Trinseo announced it has entered into a definitive agreement to sell its synthetic rubber business based in Schkopau, Germany (“Synthetic Rubber” or the “Business”) to Synthos S.A. and its affiliates (collectively “Synthos”) for an enterprise value of approximately $491 million, comprised of $449.4 million of cash and the assumption of approximately $41.6 million of pension liabilities. The expected net cash proceeds are approximately $400 million after transaction-related costs and taxes

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May 4, 2021May 3, 2021 RubberWorld 848 Views arkema, trinseo

Trinseo completes acquisition of Arkema’s PMMA business

This acquisition serves as a catalyst for helping Trinseo transform into a higher margin, less cyclical solutions provider. The transformative nature of the transaction will accelerate investments in growth opportunities for Trinseo’s Engineered Materials business globally; the transaction is also expected to generate approximately $50 million of annual synergies.