Trinseo, a solutions provider for plastics, rubber and latex binders, has completed the acquisition of US Dow Chemical’s (Dow) latex production facilities at Rheinmunster, Germany. The approximately US$44 million transaction includes full ownership and operational control of two 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 acquisition enhances Trinseo’s European network of latex binders’ production to supply customers across Europe, the Middle East and northern Africa, which includes an existing Trinseo latex production plant in Rheinmunster, Germany, as well as operations in Finland, Sweden and the Netherlands.
Frank Bozich, President and CEO of Trinseo, said the completion of this acquisition is directly aligned with Trinseo’s strategy to grow its latex binders business: “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 applications that are required by our customers.”