Trinseo has signed a definitive agreement with The Dow Chemical Company to acquire latex production facilities and related infrastructure at Rheinmünster, Germany. 


Consideration for the transaction is approximately $44.9 million in the form of assumed pension liabilities for transferred employees. Trinseo plans to grow its latex binder businesses, particularly in applications serving the adhesives and construction industry, as well as specialty paper. The acquisition of the latex production facilities in Rheinmünster is aligned with this strategy, said Frank Bozich, president and CEO. Hayati Yarkadas, senior vice president and business president, performance materials added that the Rheinmünster site is well situated for future expansion, as it is already the home to the global research and development center for latex binders, and is geographically central to serve many European customers. 


The transaction includes full ownership and operational control of both latex production facilities at Rheinmünster, as well as site infrastructure and services contracts, and approximately 114 employees who are expected to transfer from Dow to Trinseo. The acquisition adds to the company’s grid of production facilities across Europe, including an existing latex production plant in Rheinmünster, Germany, as well as operations in Hamina, Finland; Norrkoping, Sweden; and Terneuzen, The Netherlands. The transaction is expected to close in the second half of 2019, following European Union regulatory approval and customary closing conditions. 



2019-05-16

混合橡胶要真的“混合”了——海关总署发文加强“混合橡胶”归类管理
国际合成橡胶生产者协会第60届年会在西雅图召开

上一篇:

下一篇:

盛禧奥欲收购陶氏德国胶乳装置

版权及免责声明: 

凡本网注明“来源:中国合成橡胶工业协会”的所有作品,均为中国合成橡胶工业协会合法拥有版权或有权使用的作品,未经本网授权不得转载、摘编或以其他方式使用。

凡本网注明“来源:XXX(非中国合成橡胶工业协会)的作品,均转载自其他媒体,转载目的在于传递更多信息,并不代表本网赞同其观点和对其真实性负责。

本网站所提供的信息,只供参考之用。本网站不保证信息的准确性、有效性、及时性或完整性。您同意将自行加以判断并承担所有风险,中国合成橡胶工业协会有权但无此义务,改善或更正所刊登信息任何部分之错误或疏失。

来源:Rubber World

扫一扫关注我们