Synthos acquires Trinseo's synthetic rubber business

Synthos S.A. signed an agreement on 21 May 2021 to acquire Trinseo's synthetic rubber operations in Schkopau, Germany, including manufacturing and R&D facilities. The deal is expected to contribute at least €50-60 million EBITDA annually and over €20 million in annual synergies.

“We believe that the Synthetic Rubber Business brings a range of technologically advanced SSBRs, including functionalized SSBR grades used for high-performance tires (low resistance tires and tires for electric vehicles).”synthosgroup.com

• 3 sources
• synthosgroup.comSynthos Acquires Trinseo Synthetic Rubber Business | Strategic Growth :SynthosMay 23, 2021
• cliffordchance.comClifford Chance advises Trinseo on USD 491 million sale of Synthetic Rubber Business in Germany to SynthosMay 25, 2021
• powderbulksolids.comChemicals Firm Buys Trinseo’s Synthetic Rubber Business for $491MJohn S. ForresterMay 25, 2021

Summarized from public sources; check the original articles before acting on it.