Synthomer completed the acquisition of the adhesives resins business of Eastman Chemical for $1bn.

Synthomer, a global differentiated chemicals company, completed the acquisition of the adhesives resins business of Eastman Chemical, a global specialty materials company, for $1bn. The sale included the hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines, all of which were previously part of Eastman’s Additives & Functional Products segment. "Alongside the diversification of our portfolio, end markets and geographies, our acquisition strategy looks to add new and highly complementary growth opportunities to Synthomer’s global portfolio. Acquiring Adhesive Resins delivers on that ambition, giving us a leading position in the growing global adhesives market and extending our portfolio of differentiated products and sustainable solutions. It is a business that we have long admired, and I am confident that the combination of Synthomer and Adhesive Resins will drive meaningful value for all stakeholders in the years ahead," Calum MacLean, Synthomer CEO.