TSRC completes the acquisition of Dexco Polymers in the U.S.
[Taipei] TSRC Corporation (“TSRC”, 2103 TT) announced today that it has successfully completed the acquisition of Dexco Polymers LP (“Dexco”), a previous joint venture equally owned by affiliates of ExxonMobil Chemical Company, a division of ExxonMobil Corporation and The Dow Chemical Company. Dexco is a global leader in Styrene-Isoprene-Styrene (‘SIS”) block copolymers and Styrene-Butadiene-Styrene (“SBS”) block copolymers, collectively known as Styrene Block Copolymers (“SBCs”).
Headquartered in Houston, Texas, Dexco was established in 1988 and operates a production facility in Plaquemine, Louisiana, which has an annual production capacity of SIS and SBS of 70 million pounds (32k MT) and 67 million pounds (30k MT), respectively. Post transaction, Dexco will continue its operation in both Texas and Plaquemine.
The President and CEO of TSRC, Mr. Wei Hua Tu said, “We are very pleased to welcome Dexco to the TSRC family. Over the last few months, we had numerous discussions with Dexco to prepare for the integration and Dexco management demonstrated best-in-class professionalism and execution capabilities. TSRC will continuously support Dexco in its long-term growth and the complementary combination of TSRC and Dexco will allow us to expand more aggressively globally”.
Together, TSRC and Dexco plan to further strengthen their leading position in the global polymer manufacturing industry. The completion of the acquisition brings the two success stories together and marks the commencement of the integration between the two companies. TSRC will become a fully integrated global supplier os SBC products and the combined company will continue to innovate in differentiated and higher value-added products and offer a full product portfolio to customers worldwide.