API-HQ-Trinseo

Trinseo acquiring Italian elastomers company API

Berwyn, Pennsylvania – Trinseo is acquiring API Applicazioni Plastiche Industriali SpA in a deal announced 15 June and expected to close in the third quarter of 2017.

API’s “strong position” in soft-touch polymers will complement Trinseo’s strengths in rigid polymers, said Chris Pappas, president and CEO of Trinseo, which is funding its “first acquisition” from existing cash.

The purchase from the Brunetti family is part of a strategy to grow Trinseo’s ‘performance materials’ businesses in all global regions, added Pappas.

The transaction includes API’s manufacturing and research facility…

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