Eastman Will Buy INACSA

Eastman Chemical Co (NYSE: EMN) announced that the company has concluded the final purchase agreement with Industrias del Acetato de Celulosa S.A. (INACSA) of the Spanish cellulose yarn manufacturer. INACSA's yarn business and its assets will promote the continuous growth of Eastman Naia cellulose yarn in the clothing market and will become an important part of Eastman's global fiber business. supply Base.

"Through the acquisition of INACSA, Eastman not only won the well-known quality yarn producers. brand And resources, and its European factories will enhance our strength and help us globally. Spin The development of the supply chain, "said Eastman, executive vice president and chief business officer of Brad Lich," we look forward to INACSA staff Join the Eastman team.

After receiving the required regulatory approvals and satisfying other customary spanaction conditions, Eastman will acquire the entire yarn business and assets of INACSA, including factories and assets, recipes, intellectual property rights and customer contracts in La Batll RIA, Spain. The acquisition is expected to be completed in the third quarter of 2019. The specific terms of the spanaction will not be announced.

In addition, Lich added: "the strengthening acquisition is consistent with the company's growth strategy and is consistent with the company's objectives, that is, through the implementation of a strict and balanced cash policy, the cash can be used for dividend payment and debt repayment. shares Buy back and organic and inorganic growth plans to achieve superior value.

About Eastman

Eastman is a global specialty. Material Science The company's products are widely used in all areas of people's daily life. In order to improve people's quality of life, Eastman worked closely with customers to provide safety and sustainable development while providing innovative products and solutions. Eastman's innovative growth mode uses its excellent technology platform, continuous market development and differentiated application development, and has an advantage in the terminal market of spanportation, construction and consumer goods. As an inclusive and diversified global enterprise, its business is more than 100 countries in the world. In 2018, the company earned about $10 billion. Eastman is headquartered in gins Potter, Tennessee, USA, and has around 14500 employees worldwide.

Forward looking statement

This press release contains Eastman's current forward-looking statement on the completion time of the acquisition, the integration plan, and the expected business, financial and strategic gains of the acquisition. These expectations are based on specific initial information, internal estimates and management presuppositions, prospects and plans, and will be affected by a series of risks and uncertainties contained in the prediction of future events, events and outcomes. If there is an inaccuracy or failure in these presuppositions or prospects, the final result may be materially biased from the presupposition and prospect in this forward-looking statement. Important factors that may cause substantial deviations between the final outcome and the outlook have been or will be described in detail in the file submitted by the company to the securities and Exchange Commission, which includes securities spanactions.