BERWYN, Pa. (June 28, 2011)—Global polystyrene leader Styron L.L.C.—which is changing its name to Trinseo S.A. later this year—announced that it is planning an initial public offering of stock.
Dow Chemical Co. sold Styron—its market-leading styrenics business—to private equity firm Bain Capital L.L.C. last year for $1.6 billion. The company is based in Berwyn.
In a filing with the Securities and Exchange Commission, Styron said it plans to sell up to $400 million in ordinary stock through an IPO. The company plans to use part of the proceeds of the IPO to repay debt.
Styron also makes ABS, SAN polymers, styrene-butadiene latex and synthetic elastomers, expanded PS and polycarbonate.