FLORENCE, Ky. (BUSINESS WIRE) Jul 19, 2021
Falcon Private Holdings, LLC (âFalconâ), the private investment arm of Jamshid Keynejad and Barry Siadat, announced today that its affiliates have reached agreement to sell Aristech Surfaces LLC (âAristechâ) to Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, for $445 million in cash, subject to customary closing adjustments. Aristech is a global leading producer of continuous cast acrylic sheet for the wellness, architectural, transportation, and industrial markets.
Barry Siadat, co-founder of Falcon, said: âSince the carve-out from Mitsubishi Corporation in 2008, Falcon has actively collaborated with management to establish Aristech as a thriving independent business by improving processes, investing to expand operational capabilities, growing in core hot tub and bath tub applications, and entering new markets and applications in the US and intern
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