Headwaters MB Advised Trinseo on its Acquisition of API Applicazioni Plastiche Industriali S.p.A.
- Trinseo
(NYSE: TSE), a global materials solutions provider and manufacturer of
plastics, latex binders and synthetic rubber, has signed a definitive
agreement to acquire API Applicazioni Plastiche Industriali S.p.A. The
transaction is expected to close in the third quarter of 2017, following
customary closing conditions. Trinseo is funding the purchase of API’s
shares through its existing cash on hand.
Per the terms of the transaction, Trinseo will acquire API’s manufacturing and research facility in Mussolente, Italy, and all of API’s assets. The API management team and employees will join Trinseo’s Performance Plastics unit. API’s legacy owners, the Brunetti family, will support and facilitate a smooth integration.
“Headwaters’ sector expertise was key in identifying industry trends and valuation drivers,” said Christopher Pappas, Trinseo President and CEO. “As our investment banking advisor on this transaction for Trinseo’s Performance Materials business, Headwaters made introductions to chemical and plastics companies, including API, and provided us financial valuation assistance. They worked closely with Trinseo’s corporate development team in our evaluation of deals that were in line with our strategy and would integrate well into our culture.”
Bringing together the unique strengths of Trinseo and API, the combined Performance Plastics business will be well-positioned to grow and capture new business opportunities on a global scale. With a broader portfolio of both rigid and soft-touch polymers, the combined business will be ready to meet an even broader array of application needs. Customers will benefit from new technology and the addition of strong application knowledge from API.
Doug Usifer, Managing Director at Headwaters MB, commented, “It was an honor to have an opportunity to advise Trinseo on their first acquisition. Trinseo’s team did a great job defining a strong growth strategy, and API represents an exciting new growth platform for the Company.”
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.About Trinseo
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 $3.7 billion in net sales in 2016, with 15 manufacturing sites around the world, and nearly 2,200 employees. For more information visit www.trinseo.com.About API
API is an Italian company specialized in the production of thermoplastic elastomeric compounds and bioplastics. Founded in 1956, API has developed a deep and proven experience based on continuous research into innovative, customized compounds for a wide range of applications. For more information visit www.APIplastic.com.
ContactsHeadwaters MB
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Jenna Luvin, 303-531-4610
Director of Marketing
[email protected]
DENVER–(BUSINESS WIRE)–Trinseo
(NYSE: TSE), a global materials solutions provider and manufacturer of
plastics, latex binders and synthetic rubber, has signed a definitive
agreement to acquire API Applicazioni Plastiche Industriali S.p.A. The
transaction is expected to close in the third quarter of 2017, following
customary closing conditions. Trinseo is funding the purchase of API’s
shares through its existing cash on hand.
Per the terms of the transaction, Trinseo will acquire API’s
manufacturing and research facility in Mussolente, Italy, and all of
API’s assets. The API management team and employees will join Trinseo’s
Performance Plastics unit. API’s legacy owners, the Brunetti family,
will support and facilitate a smooth integration.
“Headwaters’ sector expertise was key in identifying industry trends and
valuation drivers,” said Christopher Pappas, Trinseo President and CEO.
“As our investment banking advisor on this transaction for Trinseo’s
Performance Materials business, Headwaters made introductions to
chemical and plastics companies, including API, and provided us
financial valuation assistance. They worked closely with Trinseo’s
corporate development team in our evaluation of deals that were in line
with our strategy and would integrate well into our culture.”
Bringing together the unique strengths of Trinseo and API, the combined
Performance Plastics business will be well-positioned to grow and
capture new business opportunities on a global scale. With a broader
portfolio of both rigid and soft-touch polymers, the combined business
will be ready to meet an even broader array of application needs.
Customers will benefit from new technology and the addition of strong
application knowledge from API.
Doug Usifer, Managing Director at Headwaters MB, commented, “It was an
honor to have an opportunity to advise Trinseo on their first
acquisition. Trinseo’s team did a great job defining a strong growth
strategy, and API represents an exciting new growth platform for the
Company.”
About Headwaters MB
Headwaters MB is an independent, middle
market investment banking firm providing strategic merger and
acquisition advice, capital raising and special situations advisory.
Named “Investment Bank of the Year” by major organizations for its third
consecutive year, Headwaters MB is headquartered in Denver, CO with
seven regional offices across the United States and partnerships with 18
firms covering 30 countries. For more information, visit www.headwatersmb.com.
About Trinseo
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 $3.7 billion in net sales in 2016, with 15 manufacturing
sites around the world, and nearly 2,200 employees. For more information
visit www.trinseo.com.
About API
API is an Italian company specialized in the
production of thermoplastic elastomeric compounds and bioplastics.
Founded in 1956, API has developed a deep and proven experience based on
continuous research into innovative, customized compounds for a wide
range of applications. For more information visit www.APIplastic.com.
Contacts
Headwaters MB
Jenna Luvin, 303-531-4610
Director of
Marketing
[email protected]
