|Headquarters||Berwyn, PA, United States,|
|Products||polystyrene, copolymers (ABS, SAN), polycarbonate, compounds & blends and expanded polystyrene, styrene, latex, low cis/high cis polybutadiene rubber, cold polymerized emulsion styrene butadiene rubber, solution styrene butadiene rubber|
Styron is a plastics, rubber, and latex company owned by Bain Capital. Christopher D. Pappas is the current President and CEO. Its products primarily serve the automotive, appliances, packaging, electronics, paper & board, carpet, and tire industries, among others. It 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—for the purpose of selling them. 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.
Styron's annual revenue is approximately $5.54 billion. Styron was the #67 ranked chemical company globally in 2011, posting sales of $6.193B. Styron also owns a 50% stake in North American polystyrene producer American Styrenics LLC, a joint venture based in the Woodlands, Tex.
Products and Applications
- Styron produces polystyrene co-polymers (ABS, SAN) and expanded polystyrene primarily used in packaging, food applications and home appliances.
- Styron produces styrene butadiene latex, which is applied as a coating on coated paper.
- Styron produces functionalized solution styrene butadiene rubber (SSBR) for use in high performance tires, and opened a new 50,000 metric ton production unit for production of SSBR in Schkopau, Germany in late 2012. Styron also produces polycarbonate compounds and blends primarily used in automotive applications, medical devices and LED lighting.
- Styron's LGF polypropylene resin was instrumental in Ford Motor Company's development of an innovative headlamp bracket, which was awarded a 2012 Society of Plastics Engineers Innovation for Safety Award, and Styron's material solutions have also contributed to the design of the first, "thermoplastic lift-gate solution" in the new Renault Clio.
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