MUSSOLENTE, Italy—Trinseo S.A.'s acquisition of API Applicazioni Plastiche Industriali S.p.A. presents exciting opportunities for Trinseo, an international manufacturer of plastics, synthetic rubber and latex binders, according to one of its top executives.
"The acquisition brings a new family of products to our plastics business," said Hayati Yarkadas, Trinseo senior vice president and business president for performance materials. "API has very strong leadership and very good products. We felt that their soft thermoplastic polymers, along with our rigid polymers, would make us a one-stop shop for our customers."
With the acquisition of API's manufacturing and research facility in Mussolente, Trinseo now has 15 factories in 15 countries, with established sales and marketing teams in 27 countries. Trinseo employs nearly 2,200 across the globe, according to company fact sheets.
Trinseo had $3.7 billion in worldwide sales in 2016, the majority of which—$2.1 billion—is in its Performance Materials division, the company said.
In Performance Materials, Trinseo offers a wide portfolio, including emulsion and solution styrene-butadiene rubber, butadiene rubber, styrene-butadiene and styrene-acrylate latex, automotive plastics and plastics in consumer essential markets, including electrical, lighting, medical devices and consumer electronics.