- 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.