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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