Trinseo Completes Acquisition of Heathland B.V.
Trinseo (NYSE: TSE) has successfully completed the acquisition of Heathland B.V., a prominent recycler of post-consumer and post-industrial plastic waste based in the Netherlands. This strategic move aligns with Trinseo’s commitment to advancing a circular economy and enhancing its sustainability efforts. Heathland's expertise in mechanical and chemical recycling will provide Trinseo access to high-quality recycled raw materials essential for various high-end applications. Trinseo aims to incorporate these capabilities into its operations, promoting sustainability and supporting its 2030 sustainability goals.
- Acquisition of Heathland B.V. enhances Trinseo's recycling capabilities.
- Supports Trinseo's 2030 sustainability goals, focusing on climate change and sustainability in product offerings.
- Expands market presence in Europe and strengthens commitment to a circular economy.
- None.
A significant step forward in achieving the Company’s goals of advancing a circular economy
HORGEN,
As a plastic waste collector and recycler based in
“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,”
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.
About Trinseo
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
Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; the evaluation and likelihood of success of the proposed divestiture of our styrenics businesses; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of energy or raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220103005024/en/
Press Contact:
Trinseo
peggysung@trinseo.com
Source: Trinseo
FAQ
What is the significance of Trinseo's acquisition of Heathland B.V.?
How does the acquisition of Heathland B.V. impact Trinseo's sustainability efforts?
What types of plastic waste does Heathland B.V. specialize in recycling?