Lion Elastomers has acquired a styrene-butadiene copolymers production site owned and operated by Firestone Polymers in Orange, Texas.
The plant manufactures SBR compounds under the Stereon, Diene and Duradene trade names. According to the company, these products are complementary to Lion’s current portfolio and will further strengthen Lion’s ability to support the synthetic rubber industry once the deal has closed.
This purchase marks Lion’s second strategic acquisition in less than five years and is in line with Lion’s initiative to expand its business and provide greater value enhancement to its customers.
Read the full press release here.