BERWYN, Pa.—Trinseo aims to increase its market footprint in coatings and tire ingredients with its acquisition of Synthomer P.L.C.'s vinyl pyridine latex unit.
VP latex is considered an essential ingredient in binders for coating tire cord fabrics, ensuring a strong bond between the tire cord and rubber during the tire manufacturing process.
"Trinseo is a leader in latex binder chemistry, and a long-standing supplier of synthetic rubber to the tire industry," Frank Bozich, Trinseo CEO and presiden, said in a news release. "This acquisition aligns well with our strategy to grow our latex binders business in coatings and CASE applications, and also reinforces our position as a solutions provider to the high-performance tire segment."
Financial details of the transaction were not disclosed; Trinseo said it funded the acquisition with cash on hand.