EASTMAN
Acquisition of Solutia is completed
Eastman Chemical (Kingsport, Tennessee / USA; www.eastman.com) has completed its USD 4.8 bn acquisition of fellow US specialty chemicals producer Solutia (St. Louis, Minnesota; www.solutia.com). The definitive agreement between the companies to proceed with the purchase was announced in January 2012 – see Plasteurope.com of 27.01.2012.
Eastman said the acquisition supports its growth strategy to increase geographic reach, especially in emerging markets, and establishing a more diverse and sustainable range of products. It expects the acquisition to be immediately accretive to earnings, excluding acquisition-related costs and charges.
Eastman said the acquisition supports its growth strategy to increase geographic reach, especially in emerging markets, and establishing a more diverse and sustainable range of products. It expects the acquisition to be immediately accretive to earnings, excluding acquisition-related costs and charges.
05.07.2012 Plasteurope.com [222752-0]
Published on 05.07.2012
German version of this article...