Eastman acquires Solutia for $4.7 billion


Eastman Chemical Co. has acquired Solutia Inc. in a $4.7 billion transaction that Eastman says will broaden its geographic reach into emerging economies and expand its sustainable product offerings. Solutia, which supplies specialty films and additives into the automotive, building and construction, and renewable energy markets, formerly offered polyamide, before it sold that business to private equity firm SK Capital in 2009.

After exiting the nylon business, Solutia's remaining products consisted of Saflex PVB glass interlay; CPFilms UV-protection aftermarket window films; and technical specialties including Flexsys family of rubber industry chemicals; Skydrol aviation hydraulic fluid; and Therminol heat-transfer fluid.
Read more