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https://www.eastman.com/en/media-center/news-stories/2021/tire-additives-business-product-lines-sale
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Eastman to Sell Tire Additives Business Product Lines
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Divestitures KINGSPORT, Tennessee Eastman Chemical Company (NYSE:EMN) announced it has entered into a definitive agreement with an affiliate of One Rock Capital Partners, LLC ("One Rock") to sell the rubber additives (including Crystex™ insoluble sulfur and Santoflex™ antidegradants) and other product lines and related assets and technology of the global tire additives business of its Additives & Functional Products segment. The sale does not include the Eastman Impera™ and other performance resins product lines of the tire additives business. The total sale price of $800 million consists of $725 million cash at closing and an additional amount of up to $75 million to be paid based on performance of the rubber additives business post-closing through 2023. The final purchase price is subject to working capital and other adjustments at closing. The company expects the s...
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