RHEINMUNSTER, Germany—Trinseo S.A., a global manufacturer of plastics, latex binders and synthetic rubber, has completed its acquisition of Dow Chemical Co.'s latex binders assets at Rheinmuenster.
The transaction includes full ownership and operational control of the two former Dow production facilities in Rheinmuenster, as well as site infrastructure, service contracts and the approximately 108 employees who have transferred from Dow to Trinseo, Trinseo said in an Oct. 1 news release.
The acquisition enhances Trinseo's already existing latex production plant in Rheinmuenster, as well as operations in Finland, Sweden and the Netherlands, the company said.
"Together, this grid of latex binders production facilities allows Trinseo to supply customers all across Europe, the Middle East and northern Africa," it said.
Trinseo announced the acquisition in May 2019, saying it had signed a definitive agreement with Dow. The purchase price was estimated at that time at $44.7 million, in the form of assumed pension liabilities for the former Dow employees, Trinseo said.