M&A Deal Summary

Eastman Acquires 3F Feed & Food

On April 29, 2021, Eastman acquired food company 3F Feed & Food

Acquisition Highlights
  • This is Eastman’s 1st transaction in the Food sector.
  • This is Eastman’s 2nd transaction in Spain.

M&A Deal Summary

Date 2021-04-29
Target 3F Feed & Food
Sector Food
Buyer(s) Eastman
Deal Type Add-on Acquisition

Target

3F Feed & Food

Avila, Spain
3F Feed & Food is a company specializing in the technical and commercial development of feed and food products. 3F Feed & Food produces preservatives and acidifiers, liquids and powders dedicated to the hygiene, preservation and safety of feeding stuffs and animal health nutraceuticals. 3F Feed & Food was founded in 2003 and is based in Avila, Spain.

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Buyer(S) 1

Buyer

Eastman

Kingsport, Tennessee, United States

Category Company
Founded 1920
Sector Chemicals
Employees14,000
Revenue 9.4B USD (2024)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a 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 fouded in 1920 and is based in Kingsport, Tennessee.


DEAL STATS #
Overall 11 of 12
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
Country: Spain M&A 2 of 2
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Industrias del Acetato de Celulosa S.A.

Barcelona, Spain

Industrias del Acetato de Celulosa S.A. is a producer of cellulosic yarn. INACSA yarns are made of cellulose, a natural and organic compound. They are recyclable, durable, easy to work with, and breathable. Industrias del Acetato de Celulosa S.A. was founded in 1948 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 FlexSys

Ann Arbor, Michigan, United States

Flexsys is a provider of specialty chemicals for the tire industry. The Company develops, manufactures and sells insoluble sulfur, antidegradants and post-vulcanization stabilizers. FlexSys is based in Ann Arbor, Michigan.

Sell -