KINGSPORT, TENN. (Sept. 7, 1:15 p.m. ET) — Eastman Chemical Co. has acquired Brazilian plasticizer maker Scandiflex do Brasil SA Industrias Quimicas for an undisclosed sum.
São Paulo-based Scandiflex has annual sales of $54 million. Officials with Kingsport-based Eastman said the acquisition will accelerate growth of the firm's non-phthalate plasticizer business in Latin America.
Eastman produces Tritan-brand copolyester and other specialty plastics. The firm employs almost 10,000 worldwide and posted sales of $5.8 billion in 2010.