Trinseo Closes on Sale of Mexico Manufacturing Facility to Plaskolite
08 Mai 2023 - 02:00PM
Business Wire
Trinseo (NYSE: TSE), a specialty material solutions provider,
today announced that it has closed on the sale of its land,
buildings and equipment in Matamoros, Mexico to Plaskolite.
In December 2022, Trinseo announced the consolidation of some of
its PMMA sheet products from the Matamoros site into its continuous
sheet manufacturing operations in Florence, Kentucky as part of the
company’s asset restructuring initiatives. Trinseo announced its
agreement to sell the Matamoros facility on April 5, 2023.
Plaskolite did not acquire any portion of Trinseo’s sheet
business.
The Matamoros plant is located on nearly 11 acres in Matamoros
City in the State of Tamaulipas, Mexico.
About Trinseo
Trinseo (NYSE: TSE), a specialty material solutions provider,
partners with companies to bring ideas to life in an imaginative,
smart and sustainably focused manner by combining its premier
expertise, forward-looking innovations and best-in-class materials
to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of
experience in diverse material solutions to address customers’
unique challenges in a wide range of industries, including building
and construction, consumer goods, medical and mobility.
Trinseo’s approximately 3,400 employees bring endless creativity
to reimagining the possibilities with clients all over the world
from the company’s locations in North America, Europe and Asia
Pacific. Trinseo reported net sales of approximately $5.0 billion
in 2022. Discover more by visiting www.trinseo.com and connecting
with Trinseo on LinkedIn, Twitter, Facebook and WeChat.
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ability to successfully investigate and remediate chemical releases
on or from our sites, make related capital expenditures, reimburse
third-party cleanup costs or settle potential regulatory penalties
or other claims; our ability to successfully execute our business
and transformation strategy; increased costs or disruption in the
supply of raw materials; increased energy costs; our ability to
successfully generate cost savings and increase profitability
through asset restructuring initiatives; compliance with laws and
regulations impacting our business; conditions in the global
economy and capital markets; and those discussed in our Annual
Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and
elsewhere in our other reports, filings and furnishings made with
the U.S. Securities and Exchange Commission from time to time. As a
result of these or other factors, our actual results, performance
or achievements may differ materially from those contemplated by
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update or revise any forward-looking statement as a result of new
information, future events or otherwise, except as otherwise
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Trinseo Andy Myers +1 610.240.3221 aemyers@trinseo.com
Gretchen Toner +1 610.241.2782 gtoner@trinseo.com
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