|Traded as||NYSE: TSE|
|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. Styron changed its name to Trinseo in 2012 but will continue to operate as “Styron” until all businesses have completed the change of name. 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.
Styron comprises approximately 2,100 employees in 30 countries. Styron is headquartered in Berwyn, Pennsylvania. Styron’s IPO debuted on June 12, 2014, listed as NYSE: TSE reflecting its name change to Trinseo. All shares were sold in the offering, and raised over $190 million.
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.
- Barone, Jennifer (September 2012). "Building a Better World [One Atom at a Time]". Discover Magazine: 62. Retrieved 14 April 2013.
- "Styron L.L.C. to move headquarters to Philadelphia area". Philadelphia Inquirer. July 24, 2010. Retrieved August 27, 2010.
- "Trinseo, formerly Styron, trading on NYSE". http://www.plasticsandrubberasia.com. Trinseo, formerly Styron, trading on NYSE. Retrieved 21 July 2014. External link in
- "Dow divests Styron business". Zacks Investment Research. March 9, 2010. Retrieved August 27, 2010.
- "Dow Closes Sale of Styron Division to Bain Capital for $1.63 Billion". Dow Chemical Company (press release). June 17, 2010. Retrieved August 27, 2010.
- "Dow puts new Styron business up for sale". Canadian Plastics. August 3, 2009. Retrieved August 27, 2010.
- Mccracken, Jeffrey; Lattman, Peter (March 1, 2010). "TPG in lead for Dow Chemical group". Wall Street Journal. Retrieved August 27, 2010.
- "Lotte Group Considering Buying Dow Chemical Unit Styron". Fox Business. January 7, 2010. Retrieved August 27, 2010.
- "Bain Capital to buy Dow unit for $1.63 billion". New York Times. March 2, 2010. Retrieved August 27, 2010.
- "Dow Closes Sale Of Styron Division To Bain Cap For $1.63 Billion". Dow Jones Newswires. June 17, 2010. Retrieved August 27, 2010.
- Berlin, Andrew. "Trinseo's 4Q12 EBITDA tracks low end of management guidance, improves year-over-year". Debt Wire. Debtwire.com. Retrieved 14 April 2013.
- Davis, Nigel (September 10–16, 2012). "ICIS Top 100 Chemical Companies 2012". ICIS Chemical Business. p. 33.
- Esposito, Frank (December 6, 2010). "Styron ties material innovations to markets". Plastics News.
- "New headquarters, new name: Styron to become Trinseo". April 22, 2011. Retrieved January 22, 2012.
- "Shares of plastic maker Trinseo rise 9 pct in market debut". www.reuters.com. Reuters. Retrieved 21 July 2014.
- "Trinseo completes $190-million http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-completes-$190-million-NYSE-initial-public offering_61794.html". www.chemweek.com. Chemical Week. External link in
- Gerrard, Peter. "Styron calls for new approach in European PS pricing". ICIS.com. ICIS.com. Retrieved 17 April 2013.
- "New ABS resin from Styron". MRCplast.com. MRCplast.com. Retrieved 17 April 2013.
- Staff. "New EPS grades from Styron". http://www.europeanplasticsnews.com/. http://www.europeanplasticsnews.com/. Retrieved 17 April 2013. External link in
- Kemppainen, Jouni (3/12/2012). "The Chinese premiere of curtain coated linerboard" (PDF). Results Pulp and Paper. Retrieved 14 April 2013. Check date values in:
- "Viewpoint" (PDF). Rubber World. January 2013. Retrieved 14 April 2013.
- Lindway, Martin. "Cleanroom resin production supports medical device manufacturers". Medical Design. Penton Media, Inc. Retrieved 14 April 2013.
- Volkova, Margaret. "Styron LGF polypropylene resin helped Ford to get an award". Styron LGF polypropylene resin helped Ford to get an award. Market Report Company. Retrieved 19 April 2013.