EASTMAN
Follow-up: Acquisition of Sterling Chemicals completed
A little more than a month after Eastman Chemical (Kingsport, Tennessee / USA; www.eastman.com) announced a definite agreement to acquire Sterling Chemicals (Houston, Texas / USA; www.sterlingchemicals.com) – see Plasteurope.com of 28.06.2011 – the US speciality chemicals manufacturer announced that the USD 100m deal has received the blessing of the relevant authorities.
Eastman said it expects the business to be slightly accretive to its 2011 earnings. The Kingport-based group plans to grow its non-phthalate plasticiser business and intends to modifiy and restart Sterling’s currently idled plasticiser line in Texas City / USA.
Eastman said it expects the business to be slightly accretive to its 2011 earnings. The Kingport-based group plans to grow its non-phthalate plasticiser business and intends to modifiy and restart Sterling’s currently idled plasticiser line in Texas City / USA.
11.08.2011 Plasteurope.com [220071-0]
Published on 11.08.2011