Trinseo

Trinseo
FormerlyStyron
Company typePublic
NYSE: TSE
Russell 2000 Component
IndustryManufacturing
FoundedJune 2010; 14 years ago (2010-06) (as Styron)
HeadquartersWayne, Pennsylvania, U.S.
Key people
Frank Bozich (CEO)
Productsacrylonitrile butadiene styrene (ABS), acrylonitrile butadiene styrene long glass fiber (ABS LGF), bioplastics, polymethy methacrylate (PMMA), polycarbonate (PC), polycarbonate acrylonitrile butadiene styrene (PC/ABS), polycarbonate polyethylene terephthalate (PC/PET), polypropylene (PP), polystyrene (PS), recycled content containing resins, styrene acrylonitrile resin, thermoplastic elastomers (TPEs), thermoplastic polyurethanes (TPUs)
Number of employees
3,400
WebsiteTrinseo

Trinseo is a company focusing particularly on the manufacture of plastics and latex binders. Trinseo (formerly known as Styron) was part of the Dow Chemical Company until Dow grouped several of its businesses for potential sale in 2009. In 2010, under the name Styron, those holdings were sold to private equity firm Bain Capital for $1.63 billion.[1] As of 2016, Bain sold all of its stock in Trinseo, grossing $1.69 billion for 37,269,567 shares, resulting in Trinseo's “full independence as a public company.”[2][3]

The company offers a broad line of plastics and latex binders, which are used primarily in the automotive, appliances, electronics, packaging, paper & board, textiles and carpet industries, among others. Trinseo materials are used widely in cars and trucks, home appliances, consumer goods, electronics, electrical & lighting, building & construction, medical supplies, and packaging.[4]

As of June 12, 2014, Trinseo is listed on the New York Stock Exchange as NYSE: TSE.[5] As of March 4, 2019, Frank Bozich became the President and CEO, succeeding Christopher D. Pappas.[6][7][8]

  1. ^ "Styron plans to make an initial public offering". Rubber & Plastics News. November 14, 2012. Retrieved 27 September 2017.
  2. ^ Lin, Ed (September 30, 2016). "Bain Capital Sells $1.7 Billion in Stock". Barron's. Retrieved 27 September 2017.
  3. ^ Kane, Gabriel (September 20, 2016). "Bain Capital Is Selling Its Trinseo Shares". Market Realist. Retrieved 27 September 2017.
  4. ^ "Dow divests Styron business". Zacks Investment Research. March 9, 2010. Retrieved August 27, 2010.
  5. ^ Cite error: The named reference Williams was invoked but never defined (see the help page).
  6. ^ Chen, Jing (January 30, 2019). "Trinseo names SI Group's Bozich as president, CEO". Chemical Week. Retrieved 29 March 2019.
  7. ^ Esposito, Frank (January 31, 2019). "Frank Bozich to replace retiring Chris Pappas as Trinseo CEO". Rubber & Plastics News. Retrieved 29 March 2019.
  8. ^ Barone, Jennifer (September 2012). "Building a Better World [One Atom at a Time]". Discover Magazine: 62. Retrieved 14 April 2013.