Type Corporation Industry Manufacturing Founded 2010 | Traded as NYSE: TSE Website Styron Parent organization Trinseo | |
 | ||
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 Headquarters Berwyn, Pennsylvania, United States | ||
Company Profile
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.
Contents
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.