Trinseo (NYSE: TSE) a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, announced today the addition of a new low-to-zero volatile organic compound (VOC) latex to its LIGOS™ Binders product portfolio.
Trinseo’s newest offering, LIGOS™ C 9467 binder for interior paints, is an alkylphenol ethoxylate-free vinyl acrylic latex that combines maximum performance, including exceptional scrub resistance, touch up, and hiding performance, with low-to-zero VOC technology for reduced environmental impact. It is currently available in North America.
“At Trinseo, we are committed to delivering future-oriented solutions that meet unique market, application and processing needs,” said Lauren Pagano, Trinseo Global Business Director, CASE. “We designed LIGOS™ C 9467 to answer the demand for a more sustainable product that doesn’t sacrifice on performance. Not only does it help our customers reduce their environmental impact, formulations using Trinseo latex outperform similar products on the market by up to 700 scrub cycles.”
The new product, and the LIGOS™ portfolio, is part of Trinseo’s coatings, adhesives, sealants, and elastomers (CASE) business, focused on delivering future-oriented solutions that help customers meet their sustainability needs while designing products that address future trends and have true market differentiation. Trinseo’s CASE solutions include Styrene Butadiene latexes for roofing elastomerics that help reduce cooling costs and have remarkable adhesion to various substrates and bleed-through resistance, Styrene Acrylic latexes for masonry coatings that control moisture and structural damage, and bio-hybrid products for more sustainable interior paint primers.
“With over 70 years of experience in the latex binders business, we develop tailored, innovative solutions that address the individual needs of our customers—including performance, sustainability, regulatory, and economic issues—to drive their success,” Pagano said. “The CASE industry is a growth market for us, and we will continue to invest in our capabilities to service our customers and address significant megatrends including urbanization and sustainability.”
Trinseo acquired a new production facility in Rheinmunster, Germany, in late 2019. The acquisition expands Trinseo’s latex binders operation to nine manufacturing sites, four application lab facilities, and a global R&D hub strategically placed across the globe for production. The expanded network allows Trinseo to develop and produce new solutions, invest capital for technology upgrades, and optimize operations for the mix of products and chemistries most needed by CASE customers.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.
Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding the timing of the proposed acquisition of the Arkema MMA and PMMA business (the "Acquisition"); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, our failure to complete the Acquisition or meet the conditions to closing, including antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary to fund the Acquisition and the impact of the substantial indebtedness to be incurred; costs related to the Acquisition; following the Acquisition, our ability to successfully integrate the acquired businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.