IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: United States/Americas

Eastman: Deals Drive Growth Strategy

10:16 AM MDT | June 22, 2012 | —Lindsay Frost

Companies are looking toward acquisitions to advance growth and corporate strategy, Eastman Chemical CFO Curt Espeland told attendees at the IHS Chemical Financial Forum, held recently in New York. Eastman has overhauled its portfolio to improve growth potential, culminating most recently in its planned $4.7-billion acquisition of Solutia, Espeland says. Espeland: Pursuing growth with M&A. Eastman noted that before pursuing growth and acquisitions it needed to restructure and get rid of non-essential assets. Eastman “had to shrink before we could grow...

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