Eastman Completes Acquisition of Genovique Specialties
May 6, 2010
KINGSPORT, TN – Eastman Chemical Co. has completed the acquisition of Genovique Specialties Corp., a leading global producer of specialty plasticizers, benzoic acid and sodium benzoate.
This acquisition includes Genovique’s manufacturing operations in Kohtla-Järve, Estonia, Chestertown, MD, and a joint venture in Wuhan, China. Genovique’s benzoate ester plasticizers are a strategic addition to Eastman’s existing general-purpose and specialty non-phthalate plasticizers. The acquisition adds differentiated, sustainably advantaged products to Eastman’s Performance Chemicals and Intermediates’ portfolio and enhances the company’s diversification into emerging geographic regions.