Brazilian assets sold / Insufficient size to sustain operations amid challenging local conditions

摘要

US styrenics producer Trinseo (Berwyn, Pennsylvania; www. styron.com) has agreed to sells its Brazilian latex binders and compounded PP businesses to Qoppar Participacoes, a holding company based in Barueri, Sao Paulo, which manages industrial and chemical assets in the country. The sale includes a binders manufacturing plant in Guaruja and an automotive parts facility in Limao, as well as laboratory assets, customer lists and contracts. Financial details of the transaction, which is expected to complete in the fourth quarter of 2016, were not disclosed.