Eastman Completes Acquisition of Commonwealth Laminating & Coating
KINGSPORT, TN – Eastman Chemical Co. has completed the acquisition of Commonwealth Laminating & Coating Inc. The acquired business is part of Eastman’s Advanced Materials business segment and is expected to be accretive to 2015 earnings excluding acquisition-related costs and charges.
“This acquisition will help us better serve the broad and diverse customer base for window and protective films while supporting expansion of our product offerings and the use of window films,” said Brad Lich, Executive Vice President. “We’re also very excited about adding the SunTek® brand to our performance films products portfolio.”