Divestiture • Chemicals

Eastman Acquires Dynaloy

On August 3, 2011, Eastman acquired chemicals company Dynaloy from E&A Industries

Acquisition Context
  • This is Eastman’s 2nd transaction in the Chemicals sector.
  • This is Eastman’s 2nd transaction in the United States.
  • This is Eastman’s 1st transaction in Indiana.
Investment Fate
  • Dynaloy was divested to a consortium of strategic buyers in 2017 for 13M USD.

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M&A Deal Summary

Date August 3, 2011
Target Dynaloy
Sector Chemicals
Buyer(s) Eastman
Sellers(s) E&A Industries
Deal Type Divestiture

Target Company

Dynaloy

Indianapolis, Indiana, United States
Dynaloy LLC is a manufacturer and seller of cleaning solutions, such as photoresist and residue for multiple applications on a global basis, with focus on the semiconductor industry.
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Buyer Overview 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 Context for Buyer #
Overall 3 of 12
Sector: Chemicals 2 of 6
Type: Divestiture 1 of 3
State: Indiana 1 of 1
Country: United States 2 of 7
Year: 2011 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-03 Genovique Specialties

Rosemont, Illinois, United States

Genovique Specialties Corp. (Formerly Velsicol) is the producer of hexachlorocyclopentadiene and its derivatives used in agrochemicals and fire retardants. In addition, Velsicol is a global manufacturer of non-phthalate polymer additives used in a wide variety of applications, and food preservatives used in snacks and carbonated beverages. Velsicol operates four manufacturing facilities in the United States and Europe.

Buy -
FOLLOWING 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 -

Seller Profile 1

SELLER

E&A Industries

Indianapolis, Indiana, United States

Category Company
Founded 1977
Sector Financial Services
DESCRIPTION

E&A Industries, Inc. is a privately held corporation provides financial services to companies in turning great products into great brands.


Deal Context for Seller #
Overall 3 of 6
Sector: Chemicals 1 of 1
Type: Divestiture 3 of 5
State: Indiana 2 of 2
Country: United States 3 of 6
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Udi s Healthy Foods

Boulder, Colorado, United States

Udi’s Healthy Foods LLC is a manufacturer, distributor and seller of granola and gluten- free baked goods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Udi s Healthy Foods

Boulder, Colorado, United States

Udi’s Healthy Foods LLC is a manufacturer, distributor and seller of granola and gluten- free baked goods.

Sell $125M