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Markets :: Specialty Chemicals :: Plastic additives

Eastman Completes Acquisition of Genovique Specialties

7:57 AM MDT | May 3, 2010 | Lindsey Bewley

Eastman Chemical says it has completed its previously announced acquisition of Genovique Specialties (Rosemont, IL), a global producer of specialty non-phthalate plasticizers, benzoic acid, and sodium benzoate. The acquisition includes manufacturing assets at Chestertown, MD and Kohtla-Järve, Estonia as well as a plasticizer joint venture site at Wuhan, China with Wuhan Youji Chemical Corporation. The operations will now become part of Eastman’s Performance Chemicals and Intermediates (PCI) segment. The transaction is expected to be accretive to...

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