MOSCOW (MRC) -- Trinseo S.A., a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, announced that Bain Capital Everest Manager Holding SCA agreed to sell ordinary shares pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission, said the company on its site.
The Selling Shareholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. Morgan Stanley will act as the sole book-running manager for the offering.
A shelf registration statement (including a prospectus) relating to the offering of ordinary shares was filed with the SEC on March 15, 2016 and became effective on March 18, 2016.
As MRC informed earlier, Trinseo announced price increases for all natural Polycarbonate (PC) grades for September delivery by EUR200. In September, Trinseo also increased for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile styrene copolymer (SAN) grades in Europe.
Trinseo is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solution 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 USD4.0 billion in revenue in 2015, with 18 manufacturing sites around the world, and more than 2,200 employees.
MRC