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Sustainability
Eastman to sell tire additives business
by Michael McCoy
June 11, 2021
| A version of this story appeared in
Volume 99, Issue 22
Eastman Chemical will sell its tire additives business to the private equity firm One Rock Capital Partners for $800 million. The sale includes Crystex insoluble sulfur, Santoflex antidegradants, and other products. The business employs over 500 people at seven plants and two technology centers. Eastman says the sale is part of an effort to improve the performance of its additives and functional product unit. One Rock owns the chemical maker Innophos and recently acquired BASF’s vitamin E business.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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