Trinseo (Berwyn, PA) has completed its $82-million acquisition of Applicazioni Plastiche Industriali S.p.A (API, Mussolente, Italy).
API’s Mussolente manufacturing and research facility and all of its business, employees, and assets will be integrated into Trinseo’s performance plastics business.
“We will be able to grow the combined business by leveraging API’s soft-touch polymers and Trinseo’s rigid polymers to our collective customer base in all geographies,” says Chris Pappas, president and CEO of Trinseo.
By Dustin Smith
Source: Chemical Week
ExxonMobil Corp. (Spring, Tex.) announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.
Ineos Enterprises has announced the acquisition of Eramet Titanium & Iron (ETI) from Eramet for €230 million ($245 million). The deal was completed on Sept. 21 and takes immediate effect, following the satisfaction of regulatory approvals.
Arxada has appointed Sanjeev Rastogi as Chief Executive Officer (CEO), effective immediately. He succeeds Marc Doyle who led Arxada since its foundation and will join the company’s board of directors as a non-executive member.