04.02.2015 • NewsTrinseoStyron

Styron Name Change to Trinseo Now Official

US styrenics, latex and rubber producer Styron has now officially changed its name to Trinseo. The company had previously changed the name of some of its legal entities.

The former Dow Chemical business with $5.3 billion in annual sales was floated on the New York Stock Exchange last year by private equity investor Bain Capital, Dow and the company's management at a price of $19 per share.

Revenue of around $200 million, net of underwriting fees and estimated expenses was generated by the sale, at the conclusion of which 21% of the shares were expected to be in public hands.

Explaining the new name, CEO Chris Pappas said the name comes from the word "intrinsic" and "reflects how Trinseo's technologies and materials play an intrinsic role in the innovative and sustainable solutions that its customers require in developing the next generation of products. "

 

Interview

Fostering Innovation and Collaboration
Specialty Chemicals Distributor IMCD’s Strategy

Fostering Innovation and Collaboration

Valerie Diele-Braun, CEO of IMCD, shares her vision for sustainability, global expansions, and strategic direction in an exclusive CHEManager International interview.

Free Virtual Event

ProteiNext 2025

ProteiNext 2025

ProteiNext is an annual symposium that offers a platform for sharing insights on protein analysis

most read

Photo
29.10.2024 • News

GSK to Invest $800 Million in US Manufacturing Facility

British pharma company GlaxoSmithKline (GSK) plans to invest up to $800 million to expand drug substance and drug product manufacturing capabilities at the company’s US site in Marietta, Pennsylvania. The investment, which GSK said is its largest ever in US manufacturing, is expected to create more than 200 new jobs.

Photo
27.03.2025 • News

J&J to Invest $55 Billion in US Operations

US healthcare giant Johnson & Johnson (J&J) has unveiled plans to invest over $55 billion in the US over the next four years. This significant investment marks a 25% increase compared to the previous four years, the company said.