Trinseo a US-based global materials company and manufacturer of plastics, latex binders and synthetic rubber has entered into an agreement with SK AA Holdings, an affiliate of Falcon Private Holdings, LLC, to acquire Aristech Surfaces, a North America manufacturer and global provider of polymethyl methacrylates (PMMA) continuous cast and solid surface sheets, serving the wellness, architectural, transportation and industrial markets. The business will become part of Trinseo’s Engineered Materials segment.
Trinseo’s President and Chief Executive Officer Frank Bozich, Trinseo said the acquisition of Aristech will enable Trinseo to provide a full offering of PMMA technologies and innovative products that serve customers in new, high-growth markets.
Trinseo expects its net leverage ratio to be in the low-2x range at the end of the year, including proforma adjustments for the Synthetic Rubber divestiture and the Aristech and Arkema PMMA acquisitions. Trinseo anticipates the transaction will close by year-end 2021 subject to customary closing conditions and regulatory approvals.