Trinseo (NYSE:TSE) is the world's largest producer of styrene butadiene (SB) latex and has been under the ownership of a private-equity affiliate of Bain Capital since Dow Chemical spun it off in 2010. The stock had an IPO in June 2014, where the need to raise cash and reduce leverage was the main driving factor. Trinseo previously filed for an IPO in July 2011, but the plan did not materialize because of weakness in styrene margins and significant volatility in butadiene prices.
Source: Company data
The company is the largest European producer of solution styrene butadiene rubber (SSBR), the third-largest global producer of polystyrene and a leading producer of polycarbonate resins and blends. Trinseo serves a...
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