Eastman completes acquisition Taminco

Eastman completes acquisition of Taminco

11:23 AM, 8th December 2014
Eastman completes acquisition of Taminco

KINGSPORT, US: Eastman Chemical Company announced the completion of its acquisition of Taminco Corporation, a global specialty chemical company, for a total of $2.8 billion in cash and assumed debt. The acquired Taminco businesses are expected to be accretive to 2015 earnings per share by greater than $0.35, excluding acquisition-related costs and charges, and to 2016 earnings per share by greater than $0.60.

“We are pleased to complete this transaction and welcome Taminco employees to the global Eastman team. Taminco’s world-class alkylamine technology platform and strong presence in attractive niche end markets will further strengthen our position as a leading specialty chemical company. We are committed to successful integration of Taminco and look forward to delivering the projected synergies of this transaction,” said Mark Costa, Chairman and Chief Executive Officer, Eastman.

 

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