ORANGE, Texas—Lion Elastomers L.L.C. has acquired a styrene-butadiene copolymers production site owned and operated by Firestone Polymers L.L.C.
The Orange-based site produces SBR compounds under the Stereon, Diene and Duradene trade names. Lion said in a June 3 news release that these products are complementary to Lion's current portfolio and will strengthen Lion's ability to support the synthetic rubber industry once the deal has closed.
This is Lion's second strategic acquisition in less than five years, and is in line with Lion's initiative to expand its business and provide greater value enhancement to its customers.
"We have had a strong professional relationship with Bridgestone for decades and we are looking forward to maintaining this relationship while we continue to support the customers of the Orange facility," Jesse Zeringue, CEO and president of Lion Elastomers, said in a statement. "This asset purchase will provide our company with the opportunity to further diversify our business and add additional product offerings to current and new customers."
Lion produces EPDM and SBR at facilities in Geismar, La., and Port Neches, Texas.