Trinseo to Buy Arkema’s Plexiglas Business for $1.38 Billion

Trinseo SA, the plastics maker carved out from Dow Chemical Co. a decade ago, agreed to buy Arkema SA’s Plexiglas unit for 1.14 billion euros ($1.38 billion), adding a polymer used in cars and Covid-19 protection shields to its repertoire.

The polymethyl methacrylate business is expected to make about 510 million euros of revenue and 122 million euros of earning this year, Colombes, France-based Arkema said Monday. Trinseo announced along with the deal that it may divest its synthetic rubber business.

Trinseo Chief Executive Officer Frank Bozich sees the purchase of Arkema’s PMMA unit as a catalyst to ...