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Eastman acquires Marlotherm from Sasol

Apr. 01, 2019 11:25 AM ETEastman Chemical Company (EMN) StockBy: Pranav Ghumatkar, SA News Editor
  • Eastman Chemical (NYSE:EMN +2.2%) announced that it has acquired from Sasol, the Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts.
  • "With this acquisition, Eastman adds a complementary and profitable heat transfer fluid product line that aligns well with our existing offerings," said Mahendra Dorairaj, Vice President and GM of Specialty Fluids & Energy and Adhesives.
  • Terms of the transaction were not disclosed.

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