Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Trinseo, Aspen Aerogels File For Stock Offerings

by Melody M. Bomgardner and Michael McCoy
July 4, 2011 | A version of this story appeared in Volume 89, Issue 27

Trinseo, the former Dow Chemical styrenics business, which was sold to Bain Capital as Styron in June of last year, has filed for an initial public offering of stock worth up to $400 million. The firm, which makes several types of emulsion polymers and plastics, had $5.0 billion in sales in 2010 and $56.7 million in net income. Most of the company’s business is outside North America. In its filing, Trinseo says it will use the capital raised for product development, manufacturing facilities in emerging markets, and acquisitions. Separately, Aspen Aerogels filed documents for an IPO that would raise up to $115 million. Along with Cabot Corp., Aspen is one of two U.S. manufacturers of aerogel, an ultralight silica-based material used in insulation applications. The firm, which is expanding its aerogel facilities in East Providence, R.I., lost close to $10 million last year on sales of $43.2 million.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.