Industry News, Mergers and Acquisitions, Suppliers News

Eastman to Acquire Taminco in $2.8 Billion Transaction

Acquisition will add alkylamines stream to Eastman’s portfolio

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Eastman Chemical Company announced that it has entered into a definitive agreement with Taminco Corporation under which Eastman will acquire Taminco, a global specialty chemical company. Under the terms of the agreement, Taminco stockholders will receive $26.00 in cash for each share of Taminco common stock. The total transaction value is $2.8 billion, including net assumed debt of $1 billion. The acquisition will be funded with available cash and debt financing.   “The acquisition of Taminco...

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