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Eastman completes acquisition of BP's aviation turbine oil business

1:20 PM MDT | June 3, 2014 | Natasha Alperowicz

Eastman Chemical says it has completed the acquisition of BP’s global aviation turbine oil business. The acquired business is expected to be accretive to 2014 earnings excluding acquisition-related costs and charges. The newly acquired business is part of Eastman’s specialty fluids and intermediates business segment. “This acquisition brings a profitable and growing specialty chemical business to our portfolio that aligns very well with our existing aviation product offerings,” says Mike Humby, v.p.and general manager of that...

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