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Rubber & Plastics M&A image Rubber & Plastics M&A » By The Online Investor Staff, updated Fri., May. 3, 4:28 AM Recent mergers and acquisitions in the Rubber & Plastics M&A category.

Slide #2. Eastman Chemical Company Commonwealth Laminating & Coating, Inc.

Acquirer: Eastman Chemical Company (NYSE:EMN)
Acquiree: Commonwealth Laminating & Coating, Inc.
Details: Eastman Chemical Company (NYSE:EMN) today announced that it has entered into a definitive agreement to acquire Commonwealth Laminating & Coating, Inc. The company, which had 2013 sales revenue of approximately $100 million, is an independent manufacturer and global marketer and distributor of window films and specialty films for automotive, architectural, and protective applications. The acquisition will include Commonwealth's manufacturing facility and master distribution center in Martinsville, VA, and nine sales distribution centers that serve the global market.

Eastman Chemical is a global specialty materials company. Co.'s Additives and Functional Products segment manufactures materials for products in the transportation; personal care and wellness; food, feed, and agriculture; building and construction; water treatment and energy; consumables; and durables and electronics markets. Co.'s Advanced Materials segment produces and markets polymers, films, and plastics. Co.'s Chemical Intermediates segment sells and markets industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Co.'s Fibers segment manufactures and sells acetate tow and triacetin plasticizers for use in filtration media.

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Company Name:  Eastman Chemical Co
Stock buyback:  EMN buyback
Website:  www.eastman.com
Sector:  Specialty Chemicals
Number of ETFs Holding EMN:  99
Total Market Value Held by ETFs:  $2.02B
Total Market Capitalization:  $11.11B
% of Market Cap. Held by ETFs:  18.20%
 

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May 3, 2024    4:28 AM Eastern
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Buy (2.97 out of 4)
23rd percentile
(ranked lower than approx. 77% of all stocks covered)

Analysts' Target Price:
EMN Stock Forecast

Based on Zacks ABR data;
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