
Sale of Genovique Specialties to Eastman Chemical
March 2010
Deal Size: Undisclosed
Eastman Chemical said on Wednesday it will acquire Genovique Specialties in a deal that will increase its footprint in the growing market for specialty plasticisers. Eastman said the acquisition will establish the company as a global leader in non-phthalate plasticisers. Plasticisers or dispersants are additives that increase the plasticity or fluidity of a material such as plastics, cement and concrete. Genovique Specialties, including its manufacturing operations in Chestertown, Md., Estonia, and a joint venture in Wuhan, China, will become part of Eastman's Performance Chemicals and Intermediates segment.
Chemanager Article
Deal Categories: Materials, Specialty/Fine Chemicals