Eastman sells adhesives resins business product lines for $1 billion
Clients Eastman Chemical Company
Jones Day is advising Eastman Chemical Company in the $1 billion sale of its adhesives resins assets and business to Synthomer plc.
The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines.
The sale, subject to regulatory approvals and satisfaction of other customary closing conditions, including the consultation of certain employee representatives in the relevant jurisdictions, is expected to be completed in the first quarter of 2022.