Eastman announced completion of its Solutia acquisition on July 2, 2012, describing the transaction as worth approximately US$4.8 billion. That amount covered Solutia’s broader business, not its window-film operation alone.
Eastman placed Solutia’s Performance Films and Advanced Interlayers businesses alongside its existing specialty-plastics operation in Advanced Materials. Its subsequent 2012 annual report identified LLumar and V-Kool among the acquired performance-film offering, serving automotive and architectural glass.
Solutia shareholders were entitled to US$22 in cash and 0.12 Eastman shares per share. The completed transaction is an important ownership milestone for the film sector; the release’s projected synergies and earnings benefits should not be confused with verified results.
Sources & reporting notes
- Eastman Completes Acquisition of Solutia Eastman; SEC exhibit · Source dated July 2, 2012
- Eastman 2012 Form 10-K Eastman; SEC · Source dated February 28, 2013
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