M&A Deal Summary

Eastman Acquires Solutia

On July 2, 2012, Eastman acquired chemicals company Solutia for 4.8B USD

Acquisition Highlights
  • This is Eastman’s 4th transaction in the Chemicals sector.
  • This is Eastman’s largest (disclosed) transaction.
  • This is Eastman’s 3rd transaction in the United States.
  • This is Eastman’s 1st transaction in Missouri.

M&A Deal Summary
Date 2012-07-02
Target Solutia
Sector Chemicals
Buyer(s) Eastman
Deal Type Add-on Acquisition
Deal Value 4.8B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking
Moelis & Co.
Perella Weinberg Partners
The Valence Group (Financial)
Kirkland & Ellis (Legal)

Target

Solutia

St Louis, Missouri, United States
website
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation.

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Buyer(S) 1

Buyer

Eastman

Kingsport, Tennessee, United States

website

Category Company
Founded 1920
Sector Chemicals
Employees14,500
Revenue 10.6B USD (2022)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a global specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was incorporated in 1920 and is based in Kingsport, Tennessee.

DEAL STATS #
Overall 5 of 12
Sector (Chemicals) 4 of 6
Type (Add-on Acquisition) 4 of 9
State (Missouri) 1 of 1
Country (United States) 3 of 7
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Scandiflex do Brasil S.A. Indústrias Químicas

Maua, Brazil

Scandiflex do Brasil S.A. Indústrias Químicas is a manufacturer of plasticizers. Scandiflex a line of polymeric plasticizers and monomeric, including phthalates, adipates, citrates, maleates, sebacates, trimellitates and azelates, intended for various industries such as paints, varnishes , movies, calendared, adhesives, wire and cable, briquettes, packaging, plastics, rubber, textiles, plastisols, hospital, veterinary and crop protection.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 BP - Aviation Turbine Oil Business

Linden, New Jersey, United States

BP's Aviation Turbine Oil Business 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.

Buy -
Mergr

Product

Company

Legal