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.
- Eastman Chemical Company, Kingsport, Tennessee, USA
- Taminco Corporation, Ghent, Belgium