Eastman Completes Acquisition of Taminco

Eastman Completes Acquisition of Taminco

Author: ChemistryViews.org

Eastman announced the completion of its acquisition of Taminco, a global specialty chemical company, for a total of $2.8 billion (EUR 2.27 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 (EUR 0.28), excluding acquisition-related costs and charges, and to 2016 earnings per share by greater than $0.60 (EUR 0.49).

Taminco’s former Specialty Amines and Crop Protection businesses will be operated as part of the Additives & Functional Products segment and its former Functional Amines business will be operated as part of the Specialty Fluids & Intermediates segment.


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