Trinseo, a specialty material solutions provider, announced that its Board of Directors authorized a new share repurchase program of up to $200 million of its ordinary shares, subject to certain parameters defined by the Board of Directors. This new authorization, which expires in 18 months, follows the repurchase of the full $200 million authorization from December 2021. All repurchases will be carried out by way of redemption in accordance with Irish law and the Company’s constitutional documents.

Frank Bozich, President and Chief Executive Officer of Trinseo, commented, “Given our history of strong cash generation and our ongoing portfolio transformation, we view this as an opportune time to authorize a new share repurchase program. This should enable us to acquire shares in an accretive fashion to drive value for shareholders while growing the business in areas of specialty materials and sustainability.”