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Slide #12. Eastman Chemical Company — Commonwealth Laminating & Coating, Inc.
Eastman Chemical Company (NYSE:EMN)
Commonwealth Laminating & Coating, Inc.
Eastman Chemical Company (NYSE:EMN) today announced that it has entered into a definitive agreement to acquire Commonwealth Laminating & Coating, Inc. The company, which had 2013 sales revenue of approximately $100 million, is an independent manufacturer and global marketer and distributor of window films and specialty films for automotive, architectural, and protective applications. The acquisition will include Commonwealth's manufacturing facility and master distribution center in Martinsville, VA, and nine sales distribution centers that serve the global market.
Eastman Chemical is a global advanced materials and specialty additives company. Co.'s segments are: Additives and Functional Products, which manufactures chemicals for products in the transportation, consumables, building and construction, and other markets; Advanced Materials, which produces and markets polymers, films, and plastics in transportation, consumables, building and construction, durable goods, and health and wellness markets; Chemical Intermediates, which utilizes integration from the cellulose and acetyl, olefins, and alkylamines streams; and Fibers, which manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers for use in filtration media.
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Strong Buy (3.69 out of 4)
(ranked higher than approx. 74% of all stocks covered)
Based on Zacks ABR data;
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