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Eastman Chemical Completes Acquisition of Solutia for $4.7 Billion - Deal Analysis from GlobalData

Introduction

Eastman Chemical Company, a manufacturer of chemicals, fibers and plastic materials, acquired Solutia, Inc., a performance materials and specialty chemicals producer on July 2, 2012. The companies entered into a definitive agreement on January 26, 2012, following which the deal was approved by Solutia’s stockholders on June 29, 2012.

Solutia is considered as an ideal target for Eastman to acquire as both the companies serve the automotive and architectural markets. The acquisition will strengthen Eastman’s position in the specialty chemical market as the combined company will hold a more diversified product portfolio with a greater access to the Asian markets. Eastman is expected to achieve cost and revenue synergies within the first year of operation as it shares key fundamentals with Solutia such as complementary technologies, a polymer science backbone and similar operating philosophies.

Scope

- Rationale behind Eastman Chemical ’s acquisition of Solutia
- Strategic Benefits for Eastman Chemical
- Deal Financials and Valuations
- Information on acquired company

Highlights

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Chemistry   Market study
Year:   2012
Publisher:   GlobalData
Price:   500.00€
More about GlobalData
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