Trinseo Acquires API Applicazioni Plastiche Industriali S.p.A.
June 15, 2017
Trinseo (NYSE:TSE) has signed a definitive agreement to acquire API Applicazioni Plastiche Industriali S.p.A., a Mussolente, Italy-based producer of thermoplastic elastomers and bioplastics. The purchase, funded from Trinseo's cash on hand, includes API’s Mussolente manufacturing and research facilities and is expected to close in Q3 2017; API’s management and employees will join Trinseo and the Brunetti family will support the transition.
- Buyers
- Trinseo
- Targets
- API Applicazioni Plastiche Industriali S.p.A.
- Sellers
- Brunetti family
- Industry
- Manufacturing
- Location
- Veneto, Italy
- Transaction Type
- Buyout
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