Trinseo Completes Acquisition of Heathland B.V.
HORGEN, Switzerland--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, announced today the completion of the acquisition of Heathland B.V. (?Heathland?), a leading collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe.
As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polystyrene (PS) and other thermoplastic waste. The company collects, pre-treats and processes plastic waste materials using mechanical and chemical recycling processes, and captures the materials? maximum value by transforming them into high quality recycled raw materials for a wide range of high-end applications. Heathland is well established in Europe with several notable projects, including MMAtwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission.
?Today is another exciting milestone in Trinseo?s transformation journey in becoming a global specialty materials and sustainable solutions provider. The addition of Heathland to the Trinseo family enables the group to have access to comprehensive recycling technologies and plastic wastes as feedstock,? Francesca Reverberi, SVP and Chief Sustainability Officer of Trinseo commented. ?The shared sustainability vision of both companies has now become one. We will continue to invest in the movement toward a circular economy.?
The acquisition is aligned with Trinseo?s 2030 Sustainability Goals, which outline the Company?s focus on tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer.
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $3.0 billion in net sales in 2020 and has 26 manufacturing sites around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com.
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» Publication Date: 03/01/2022