Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that it has signed an agreement to sell its land, buildings and equipment in Matamoros, Mexico to Plaskolite. The transaction is expected to close within the next several weeks.

In December 2022, Trinseo announced the consolidation of some of its PMMA sheet products from the Matamoros site into its continuous sheet manufacturing operations in Florence, Kentucky as part of the company’s asset restructuring initiatives. Plaskolite will not acquire any portion of Trinseo’s sheet business.

“The consolidation of our sheet manufacturing business helps us optimize our resources and continue to deliver on our transformation strategy,” said Trinseo President and CEO Frank Bozich. “Our sale of the Matamoros assets to Plaskolite will provide an opportunity for the plant to continue to operate and provide jobs for the Matamoros community.”

The Matamoros plant is located on nearly 11 acres in Matamoros City in the State of Tamaulipas, Mexico.

About Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.

Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $5.0 billion in 2022. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.

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