Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced effective March 1, 2019 that Grolman Group will start a partnership in the marketing and distribution of Trinseo’s Styrene-Acrylic (SA) LIGOS™ Binders in Germany, Austria, Switzerland, and the Benelux region used in the paints, coatings, and construction market.
"Trinseo has been developing Styrene-Acrylic technology for many years, and we have demonstrated consistent levels of strong performance and quality with them,” said André Hugentobler, Global Industry Development Leader Adhesives & Construction Binders. "Having a trusted distributor partnership with Grolman Group in strategic European countries speaks to the value Trinseo’s SA LIGOS™ Binders brings to the construction and coatings market.”
This announcement comes weeks before Trinseo appears at the European Coatings Show in Nuremberg, Germany from March 19-21, 2019. Meet Trinseo there in Hall 4 stand 4-313.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions 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 $4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees. For more information visit www.trinseo.com.
The Grolman Group operates an international specialty ingredients distribution business. It is composed of individual sales offices based in all European countries, Turkey and Maghreb, each supported by technically trained sales staff, customer service teams and local warehousing. The Grolman Group, run by the fifth generation of the Grolman family, has been privately owned since it was established in 1855. The key to its success has been the dedication and commitment to building an efficient customer-focused organization where customers’ needs are an essential driving force.
This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the impact from the COVID-19 pandemic, the Company’s business, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the ongoing impact of the COVID-19 pandemic and those discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.