BERWYN, Penn.—Trinseo is acquiring API Applicazioni Plastiche Industriali S.p.A. The deal, announced June 15, is expected to close in the third quarter of 2017.
API's "strong position" in soft-touch polymers will complement Trinseo's strengths in rigid polymers, said Chris Pappas, president and CEO of Trinseo, which is funding its "first acquisition" from existing cash.
The purchase from the Brunetti family is part of a strategy to grow Trinseo's performance materials businesses in all global regions, added Pappas.
The transaction includes API's manufacturing and research facility at Mussolente, Italy, and all of API's business, employees and assets. The management team and workforce will join Trinseo's performance plastics business.