Trinseo this week said it acquired latex production facilities from Dow in Rheinmunster, Germany, for an undisclosed amount.
The acquisition includes all infrastructure related to latex production and full ownership and operational control of both latex production facilities in Rheinmunster and site infrastructure and services contracts. The 108 employees of Dow will also transfer to Trinseo.
“The completion of this acquisition is directly aligned with Trinseo’s strategy to grow its Latex Binders business in applications serving the coatings, adhesives and sealants markets, as well as specialty paper,” president and CEO of Trinseo Frank Bozich said in a news release. “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 chemistries that are required by our customers in attractive growth segments.”
Trinseo’s acquisition allows the company to expand its production network across Europe, adding to its operations in Hamina, Finland; Norrkoping, Sweden and Terneuzen, The Netherlands.
