Eastman sells tire additives business product lines to One Rock Capital Partners
Clients Eastman Chemical Company
Jones Day advised Eastman Chemical in the $800 million sale of the rubber additives (including Crystex™ insoluble sulfur and Santoflex™ antidegradants) and other product lines and related assets and technology of the global tire additives business of its Additives & Functional Products segment to an affiliate of One Rock Capital Partners, LLC. The sale does not include the Eastman Impera™ and other performance resins product lines of the tire additives business.
The sale, subject to regulatory approvals and satisfaction of other customary closing conditions, is expected to be completed in the second half of 2021.