Solutia Now a Subsidiary of Eastman Chemical Company

Eastman announced the completion of its acquisition of Solutia Inc. The approximately $4.7 billion acquisition supports Eastman’s growth strategy to increase revenues and profit margins by expanding the company’s geographic reach, especially in emerging markets, and establishing a more diverse and sustainable product portfolio.

Eastman and Solutia share several key fundamentals, such as complementary technologies and business capabilities, a polymer science backbone, similar operating philosophies and a high performance culture. In addition, the overlap of key end-markets is expected to provide opportunities for growth.

Source: Eastman Chemical