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Trinseo agrees to acquire Italian plastic maker API

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/06/2017 (16:25)
According to a release on the company’s website, Trinseo has agreed to acquire the Italian soft plastics maker API (Applicazioni Plastiche Industriali SpA), its factory and research laboratory in Mussolente, Italy for $82 million. This acquisition is Trinseo’s first deal since 2010 when it was demerged from Dow Chemical Co.

The company stated that this agreement will boost the company’s sale of performance materials around the world.

In the release, it is said that the two companies’ products are complementary in the sense that Trinseo sells hard plastics such as auto, medical and consumer products while API provides products that are mostly used by being attached to the goods produced by Trinseo.

The transaction is expected to be completed in the third quarter of 2017.
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