Trinseo has completed the acquisition of vinyl pyridine latex (VP latex) business from Synthomer. VP latex is an essential ingredient in binders for coating tire cord fabrics, ensuring a strong bond between the tire cord and rubber during the tire manufacturing process.
Acquisition to Boost Expertise in Coatings
This acquisition aligns with Trinseo’s strategy to grow latex binders business in Coatings/CASE applications and reinforces its position as a solutions provider to the high-performance tire segment.
The transaction includes product recipes, customer lists and associated intellectual property related to the tire cord binder's business. No physical assets or employees are transferring to Trinseo. As a part of the transaction, Trinseo has established agreements with Synthomer for contract manufacturing the products at Synthomer’s production facility at Marl, Germany, where the products will be produced continuously.
Source: Trinseo