Trinseo (Berwyn, Pennsylvania / USA; www.trinseo.com), the former styrenics business of Dow Chemical (Midland, Michigan / USA; www.dow.com), on 19 September became an independent publicly listed company after investor Bain Capital (Boston, Massachusetts / USA; www.baincapital.com) sold its remaining stake in the group. The move completes the journey taken by the company over the past six years, “from carve-out and spin-off, to private equity ownership, to IPO on the NYSE, and now full independence as a public company,” group CEO Chris Pappas said.

Bain acquired Dow’s styrene business – known as Styron at the time – in 2010 (see Plasteurope.com of 03.03.2010), and also oversaw the company’s floatation in 2014 (see Plasteurope.com of 12.06.2014). Today Trinseo has 18 global manufacturing sites, and a total of about 2,200 employees. The company posted revenues of some USD 4 bn in 2015, with adjusted EBITDA coming in at USD 492m (see Plasteurope.com of 09.03.2016).