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(Eastman) -- Eastman Chemical
Company announced that it has acquired Scandiflex do Brasil S.A. Industrias
Quimicas, a manufacturer of plasticizers located in Maua, Sao Paulo, Brazil. The
acquired Scandiflex plasticizer business and manufacturing capabilities are now
part of Eastman’s Performance Chemicals and Intermediates (PCI) segment. Terms
of the transaction were not disclosed.
With 2010 sales revenue of $54 million, Scandiflex’s manufacturing
capabilities and customer relationships in Brazil will enable Eastman to
accelerate growth of its PCI segment’s non-phthalate plasticizer business in the
Latin America region. In addition to regional diversification of both sales and
manufacturing, Scandiflex also brings several complimentary non-phthalate
products to Eastman’s broad portfolio of plasticizer products.
mrcplast.com
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