Synthos to acquire the synthetic rubber business of Trinseo for $491m.

Synthos, a manufacturer of synthetic rubbers, styrene plastics, and vinyl and copolymer dispersions, agreed to acquire the synthetic rubber business of Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, for $491m. "In pursuing our transformation strategy toward becoming a higher margin and less cyclical specialty materials and sustainable solutions provider, we believe our best path is to focus on growth in Engineered Materials and CASE applications. Following the acquisition of Arkema’s PMMA business, the divestiture of Synthetic Rubber provides Trinseo with a stronger balance sheet and greater flexibility to pursue organic and acquisition growth opportunities," Frank Bozich, Trinseo President and CEO.