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Materials M&A image Materials M&A » By The Online Investor Staff, updated Sat., Jul. 11, 4:38 AM Recent mergers and acquisitions in the Materials M&A category.

Slide #18. Eastman Chemical Company Aviation Turbine Oil Business from BP

Acquirer: Eastman Chemical Company (EMN)
Acquiree: Aviation Turbine Oil Business from BP (BP)
Details: Eastman Chemical Company (NYSE:EMN) today announced that it has entered into a definitive agreement to acquire the assets of BP's global aviation turbine engine oil business, with annual revenues of approximately $100 million. The acquisition includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets.

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.

Eastman Chemical SEC Filing Email Alerts Service


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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.

Eastman Chemical SEC Filing Email Alerts Service


Open the BP Page at The Online Investor »

Company Name: 
Eastman Chemical Co
Stock buyback: 
EMN buyback
Website: 
www.eastman.com
Sector: 
Rubber & Plastics
Number of ETFs Holding EMN: 
98
Total Market Value Held by ETFs: 
$1.37B
Total Market Capitalization: 
$9.48B
% of Market Cap. Held by ETFs: 
14.48%
Company Name: 
BP PLC
Stock buyback: 
BP buyback
Website: 
www.bp.com
Sector: 
Oil & Gas Exploration & Production
Number of ETFs Holding BP: 
4
Total Market Value Held by ETFs: 
$2.07M
Total Market Capitalization: 
$34.75B
% of Market Cap. Held by ETFs: 
0.01%
 

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