Eastman to Restructure or Divest Parts of Units Supplying Coatings Market
KINGSPORT, TN -- Eastman Chemical Co. announced plans to pursue “strategic alternatives” in an effort to improve the profitability of its coatings, adhesives, specialty polymers and inks (CASPI) segment.
The company said it will consider restructuring, divestiture and consolidation moves involving businesses and product lines in the segment that are “performing below acceptable financial levels in their current structure.”