Trinseo (NYSE:TSE) agrees to acquire Aristech Surfaces from Falcon Private Holdings for $445M, which it says is a step towards its goal of becoming a global specialty materials and sustainable solutions provider.
Aristech Surfaces is a North American manufacturer and global provider of polymethyl methacrylates continuous cast and solid surface sheets, serving the wellness, architectural, transportation and industrial markets.
Trinseo expects the deal will generate $10M in annual pretax cost synergies by 2024 and additional revenue synergies by leveraging its footprint and customer relationships in North America, Europe and Asia.