Styron changes name to Trinseo
Material supplier Styron has changed its name to Trinseo.
“The name Trinseo comes from the word ‘intrinsic,’ meaning something is essential and belonging by its nature,” the Berwyn, Pa.-based company said in a statement. “The new company name reflects how Trinseo’s technologies and materials play an intrinsic role in the innovative and sustainable solutions that its customers require in developing the next generation of products.”
The name change actually began in 2012, when Styron changed the name of some legal entities; as of February 1, 2015, all legal entities around the world have now been renamed as Trinseo.
The company’s products primarily serve the automotive, appliances, packaging, electronics, and tire industries. Styron was formed in 2009 when Dow Chemical Company combined several of its businesses, including styrenics, emulsion polymers and synthetic rubber, for the purpose of selling them. The business was bought by equity firm Bain Capital in 2010.
The company had approximately US$5.3 billion in revenue in 2013, with 19 manufacturing sites around the world, and approximately 2,100 employees.