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Taiwan's TSRC to acquire Dexco Polymers

December 27/2010

(MarketWatch) -- Taiwanese synthetic rubber maker TSRC Corp. said it would pay US$168 million to acquire Dexco Polymers Operating Company LLC and Dexco Polymers LP in a statement to the Taiwan Stock Exchange on Friday.

 

In a second statement, also released Friday, TSRC said the acquisition would help it to upgrade its technology, provide its customers a wider array of products, and diversify its customer base across Asia, Europe and the Americas. It also said the agreement still needs to be approved by U.S. and Taiwan regulators and estimated that could happen by the second quarter of 2011.

 

TSRC makes commodity synthetic rubber for car tires and specialty thermoplastic elastomer products which are used in adhesives, industrial compounds, and shoes.

 

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