Plastics recycling markets in the EU and UK remain under significant pressure, with weak demand due to unclarity in regulations and low-cost virgin imports making the sector commercially uninvestable without policy changes.
The acquisition of DOMO EM follows the completion of Lone Star’s acquisition of RadiciGroup, with its High Performance Polymers and Specialty Chemicals business areas. The DOMO EM and RadiciGroup businesses will be combined and will then benefit from a broad and complementary product portfolio.
Trinseo PLC (Wayne, Pennsylvania), a producer of engineering resins, has struck a deal with its lenders for a comprehensive restructuring aimed at reducing the company’s debt by $2 billion, reducing its annual interest expense by $140 million and allowing it to operate from a positive free cash flow position.
