Add-on Acquisition • Chemicals

Eastman Renewable Materials Acquires TetraVitae Bioscience

On November 2, 2011, Eastman Renewable Materials acquired chemicals company TetraVitae Bioscience

Acquisition Context
  • This is Eastman Renewable Materials’ 1st transaction in the Chemicals sector.
  • This is Eastman Renewable Materials’ 1st transaction in the United States.
  • This is Eastman Renewable Materials’ 1st transaction in Illinois.

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M&A Deal Summary

Date November 2, 2011
Target TetraVitae Bioscience
Sector Chemicals
Buyer(s) Eastman Renewable Materials
Deal Type Add-on Acquisition
Advisor(s) DecisionPoint Advisors (Financial)

Target Company

TetraVitae Bioscience

Chicago, Illinois, United States
TetraVitae is a developer of renewable chemicals, including bio-based butanol and acetone.
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Buyer Overview 1

Buyer

Eastman Renewable Materials

United States

Category Company
Sector Chemicals
DESCRIPTION

Eastman Renewable Materials, LLC, a wholly-owned subsidiary of Eastman Chemical Company.


Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1