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People & Business :: M&A
Eastman Announces Third Plasticizer Acquisition
2:05 PM MDT | September 1, 2011 | Rebecca Coons
Eastman Chemical says it has acquired Scandiflex do Brasil S.A. Indústrias Químicas (São Paulo), a Brazilian manufacturer of non-phthalate plasticizers. Financial terms of the deal were not disclosed. Scandiflex posted $54 million in revenue last year. Eastman says the deal includes manufacturing assets and adds several complimentary non-phthalate products to its portfolio. Phthalates have been subject to increasing regulatory and public scrutiny after studies linked exposure to endocrine disruption. Globally, the non-phthalate...
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