Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced effective March 1, 2019 that Grolman Group will start a partnership in the marketing and distribution of Trinseo’s Styrene-Acrylic (SA) LIGOS™ Binders in Germany, Austria, Switzerland, and the Benelux region used in the paints, coatings, and construction market.
"Trinseo has been developing Styrene-Acrylic technology for many years, and we have demonstrated consistent levels of strong performance and quality with them,” said André Hugentobler, Global Industry Development Leader Adhesives & Construction Binders. "Having a trusted distributor partnership with Grolman Group in strategic European countries speaks to the value Trinseo’s SA LIGOS™ Binders brings to the construction and coatings market.”
This announcement comes weeks before Trinseo appears at the European Coatings Show in Nuremberg, Germany from March 19-21, 2019. Meet Trinseo there in Hall 4 stand 4-313.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees. For more information visit www.trinseo.com.
The Grolman Group operates an international specialty ingredients distribution business. It is composed of individual sales offices based in all European countries, Turkey and Maghreb, each supported by technically trained sales staff, customer service teams and local warehousing. The Grolman Group, run by the fifth generation of the Grolman family, has been privately owned since it was established in 1855. The key to its success has been the dedication and commitment to building an efficient customer-focused organization where customers’ needs are an essential driving force.
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.