Eastman Chemical Company (NYSE:EMN) has announced its acquisition of Tongxiang Xinglon Fine Chemical Co., Ltd. Tongxiang Xinglong manufactures cellulose based specialty polymers in Shanghai, China. The transaction terms were not disclosed.
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The acquisition is expected reinforce Eastman’s products, such as Ensure™, according the Asia Pacific Regional Business Director Brian Yoon. The acquisition will also help the company reach higher capacity and facilitate growth and demand for the cellulose based specialty polymers around the world. For more information, contact Greg Riddle at 212.835.1620, or griddle@eastman.com.
Eastman Chemical Company (Eastman) is a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers. Eastman has 11 manufacturing sites in seven countries that supply chemicals, plastics, and fibers products to customers throughout the world. The Company’s products and operations are managed and reported in five operating segments: the Coatings, Adhesives, Specialty Polymers, and Inks (CASPI) segment, the Fibers segment, the Performance Chemicals and Intermediates (PCI) segment, the Performance Polymers segment and the Specialty Plastics (SP) segment.
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