M&A Deal Summary

Eastman Acquires Novomatrix Pte

On January 1, 2010, Eastman acquired distribution company Novomatrix Pte from Southern Capital Group

Acquisition Highlights
  • This is Eastman’s 1st transaction in the Distribution sector.
  • This is Eastman’s 1st transaction in Singapore.

M&A Deal Summary

Date 2010-01-01
Target Novomatrix Pte
Sector Distribution
Buyer(s) Eastman
Sellers(s) Southern Capital Group
Deal Type Add-on Acquisition

Target

Novomatrix Pte

Singapore, Singapore
Novomatrix Pte Ltd ("Novomatrix") offers across product categories in the spectrally selective window film market; with research and development, brand development/management and marketing and distribution capabilities.

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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 1 of 12
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 9
Country: Singapore M&A 1 of 1
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-21 Centrus International

Ann Arbor, Michigan, United States

Centrus International, Inc. is a producer of Soleris™, a user-friendly, rapid optical testing system that accurately detects microbial contamination.

Sell $3M
FOLLOWING 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 -

Seller(S) 1

DESCRIPTION

Southern Capital Group is a private equity firm focused on acquiring middle-market companies throughout Southeast Asia. The Firm pursues companies valued between $20 and $200 million and does not have any stated sector preferences. Preferred business characteristics typically include strong growth, healthy margins, market leadership, and strong management. Southern Capital Group is headquartered in Singapore.


DEAL STATS #
Overall 2 of 3
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Singapore M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Jing King

China

Jing King producers of smart cards serving mobile telephone and financial services industries. Jing King is based in China.

Buy -