Eastman Completes Acquisition of Solutia

Eastman Chemical completed its $4.8-billion acquisition of Solutia on July 2, and announced new reporting segments for the company. The combined company had 2011 pro forma revenues of $9.3 billion, including Solutia’s $2.1 billion (chart). Eastman says the move will increase revenues and profit margins by expanding its geographic reach, especially in Asia, and establishing a more diverse product portfolio. “The addition of these strong businesses, unique technologies, and highly differentiated products is expected to contribute strong cash generation...

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