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Eastman acquired Brasil's manufacturer of plasticizers

September 06/2011

(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 Eastmans Performance Chemicals and Intermediates (PCI) segment. Terms of the transaction were not disclosed.

With 2010 sales revenue of $54 million, Scandiflexs manufacturing capabilities and customer relationships in Brazil will enable Eastman to accelerate growth of its PCI segments 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 Eastmans broad portfolio of plasticizer products.

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