Trinseo
Trinseo is a global materials company, focusing particularly on the manufacture of plastics, latex, and synthetic rubber. Trinseo (formerly known as Styron) was part of the Dow Chemical Company until Dow grouped several of its businesses for potential sale in 2009. In 2010, under the name Styron, those holdings were sold to private equity firm Bain Capital for $1.63 billion. As of 2016, Bain sold all of its stock in Trinseo, grossing $1.69 billion for 37,269,567 shares, resulting in Trinseo's “full independence as a public company.” The company offers a broad line of plastics, latex and  synthetic rubber, which are used primarily in the automotive, appliances, electronics, packaging, paper & board, carpet, and tire industries, among others. Trinseo materials are used widely, in cars and trucks, home appliances, consumer goods, electronics, electrical & lighting, building & construction, medical supplies, and packaging. As of June 12, 2014, Trinseo is listed on the New York Stock Exchange as . As of March 4, 2019, Frank Bozich became the President and CEO, succeeding Christopher D. Pappas. Company history. Trinseo's precursor Styron was formed in August 2009 when Dow Chemical Company combined several of its businesses--styrenics; polycarbonate and compounds & blends; Dow Automotive  plastics; emulsion polymers (paper and carpet latex); and synthetic rubber — as part of a larger process of identifying and selling non-strategic assets. Several private equity firms bid on Styron, including TPG Capital, Apollo Management, and Lotte Group. On March 2, 2010, Bain Capital announced that it would purchase the newly formed company for $1.63 billion, with Dow retaining a 7.5% stake. The sale was finalized in June 2010. The name Trinseo was chosen in 2012. By February 2015, all legal entities worldwide had changed to the name Trinseo. As of 2016, Bain sold all of its stock in  Trinseo, grossing $1.69 billion for 37,269,567 shares, resulting in Trinseo's “full independence as a public company.” In November 2017, Trinseo started a MAGNUM ABS production line manufacturing plant at the Zhangjiagang, China site. Financial. Trinseo is headquartered in Berwyn, Pennsylvania. Trinseo comprises approximately 2,100 employees in 30 countries. Styron was the #67 ranked chemical company globally in 2011, posting sales of $6.193B. As of 2013, Trinseo's annual revenue was approximately $5.54 billion. Trinseo owns a 50% stake in North American polystyrene producer American Styrenics LLC, a joint venture based in the Woodlands, Texas. Trinseo previously  held a 50% stake in Sumika Styron Polycarbonate Limited, but sold this to Sumitomo Chemical in 2017. In 2016 Trinseo signed an agreement to sell its Brazil-based businesses to Qoppar Participacoes Ltda. As of 2017, Trinseo announced its first acquisition, the Italian plastics firm Applicazioni Plastiche Industriali. API's softer plastics will complement Trinseo's harder plastics. On September 27, 2017, Trinseo opened a new research and development center in Terneuzen, Netherlands. New York Stock Exchange. Trinseo's IPO debuted on June 12, 2014, listed as . All shares were sold in the offering, and raised over $190 million