Eastman Chemical Company acquires BP’s global aviation turbine oil business

Eastman acquires BP’s global aviation turbine oil business

7:52 AM, 4th June 2014
Eastman Chemical Company business news

KINGSPORT, US: Eastman Chemical Company has completed the acquisition of BP’s global aviation turbine oil business. The acquired business is expected to be accretive to 2014 earnings excluding acquisition-related costs and charges. The newly acquired business is part of Eastman’s Specialty Fluids & Intermediates business segment.

“This acquisition brings a profitable and growing specialty chemical business to our portfolio that aligns very well with our existing aviation product offerings. Bringing our Skydrol team together with the experienced team from BP’s turbine oil business will provide our customers around the world with an unparalleled level of service for their aviation needs going forward,” said Mike Humby, Vice President and General Manager, Specialty Fluids & Intermediates business segment, Eastman.

 

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